ASSEMBLY BUDGET COMMITTEE
STATEMENT TO
ASSEMBLY, No. 5938
STATE OF NEW JERSEY
DATED: JUNE 22, 2021
The Assembly Budget Committee reports favorably Assembly Bill No. 5938.
Current law authorizes the State Treasurer to determine the salary of the Director of the Division of Investment, but caps that salary determination at an amount not to exceed $200,000 per year. This bill eliminates the salary cap and authorizes the State Treasurer to determine the salary for the Director of the Division of Investment.
FISCAL IMPACT:
Fiscal information is not available at this time.