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NJ S3940
Bill
Status
3/12/2026
Primary Sponsor
Britnee Timberlake
Click for details
AI Summary
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New Jersey state agencies must report to the State Treasurer within 15 days of enactment, and monthly thereafter, any federal funds owed to the state that a court has ordered the federal government to pay but remains unpaid
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State agencies must also report all anticipated payments due to the federal government over the following 12 months, including employer taxes, withheld employment taxes, federal debt offsets, and grant repayments
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The State Treasurer must compile and submit a consolidated report to the Governor and Legislature within 30 days of receiving agency reports
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The Governor may direct the State Treasurer to withhold payments to the federal government when federal funds are owed to the state in violation of a court order, with the withheld amount capped at the amount the federal government owes
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Withheld funds are held in reserve and lapse to the General Fund at the end of the fiscal year, not exceeding the court-ordered amount owed by the federal government
Legislative Description
Authorizes withholding of funds due to federal government if federal government withholds funds from State in contravention of a court decision.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
3/12/2026