NJ S3882

Professional boards listed under P.L.1971, c.60 shall retain annual, biennial, or other recurring registration and license fees in their treasuries rather than paying surplus funds to the State Treasurer

Boards must retain funds remaining in their treasuries as of June 30 of each year, instead of the previous October 31 deadline for paying excess funds to the state

The Department of Banking and Insurance shall retain all fees, assessments, and charges it collects, rather than paying them into the State Treasury

Boards may use retained funds to cover expenses for prosecuting licensing law violations, paying secretary salaries, preparing and holding examinations, and other operational costs

All boards must continue keeping accurate accounts of receipts and expenditures, subject to audit by the State Comptroller