FISCAL NOTE TO

[First Reprint]

SENATE, No. 1836

STATE OF NEW JERSEY

DATED: JUNE 16, 1997

      Senate Bill No. 1836 (1R) of 1997 would permit moneys held by the Superior Court to be invested in programs managed by the Division of Investment including the New Jersey Cash Management Fund.

      The Administrative Office of the Courts (AOC) states that after the State assumed responsibility for the operation of the trial courts, the Judiciary began its efforts to consolidate the processing and investment of the funds collected by the twenty-one different counties. The AOC notes that the investment option proposed in the bill has been a part of the Judiciary's restructuring of its collections and investment procedures and has been in use for the past two fiscal years. Because of this there will be no additional revenues nor additional expenses incurred by the implementation of the bill. The intent of the bill is to codify the Judiciary's current investment practice.

      The Office of Legislative Services concurs.

This fiscal note has been prepared pursuant to P.L.1980, c.67.