NJ S1490

Authorizes the New Jersey Department of Banking and Insurance to retain all fees, assessments, and charges it collects, rather than paying them into the State Treasury.

Allows professional licensing boards regulated under Title 45 to retain funds remaining in their treasuries as of June 30 each year, instead of transferring surplus funds to the state treasurer by October 31.

Professional boards must continue to use retained funds for expenses including member travel, board operations, prosecution of licensing law violations, secretary salaries, and examination preparation.

Boards are required to maintain accurate accounts of receipts and expenditures subject to audit by the state comptroller.

Amends R.S.45:1-3 and R.S.17:1-8 to implement these fund retention changes.