ASSEMBLY SENIOR ISSUES, TOURISM AND GAMING COMMITTEE

STATEMENT TO

ASSEMBLY, No. 993

STATE OF NEW JERSEY

DATED: JUNE 3, 1996

      The Assembly Senior Issues, Tourism and Gaming Committee reports favorably Assembly, No. 993.

      This bill requires a casino which grants credit for the purpose of gambling to any officer of a municipality or county, or to any member of a school board, chief school administrator, school business administrator or school business manager, to separately record all such transactions and to file a list with the Attorney General on a quarterly basis reporting all such transactions. Current law requires such recording and reporting for the Governor, any State officer or employee, any special State officer or employee, any member of the Judiciary, any member of the Legislature, and any officer of a municipality or county in which casino gaming is authorized.

      The bill's provisions would be effective immediately except that the recording of all transactions with respect to new applications for credit would begin on the 90th day after enactment and the recording of all transactions with respect to already existing credit accounts or credit accounts applied for prior to the 90th day after enactment would begin on the 180th day after enactment.

      This bill was prefiled for introduction in the 1996 session pending technical review. As reported, the bill includes the changes required by technical review, which has been performed.