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Bill > S3760


NJ S3760

NJ S3760
Changes deadline for New Jersey Racing Commission's annual report from end of calendar year to end of State fiscal year.


summary

Introduced
05/11/2021
In Committee
11/15/2021
Crossed Over
Passed
Dead
01/11/2022

Introduced Session

2020-2021 Regular Session

Bill Summary

This bill changes the date on which the New Jersey Racing Commission's annual report to the Governor is due from the end of the calendar year to the end of the State fiscal year. This change will make the reporting process more effective. The Racing Commission does not have access to all data needed for the commission's annual report by the end of the calendar year. As a result, the commission has to file an incomplete report at the end of the calendar year in order to meet the statutory requirement, and then file an additional, supplemental report when the additional information becomes available. Changing the date on which the Racing Commission's annual report is due will eliminate the need to file multiple and incomplete reports in order to meet statutory reporting requirements.

AI Summary

This bill changes the deadline for the New Jersey Racing Commission's annual report to the Governor from the end of the calendar year to the end of the State fiscal year. This change will make the reporting process more effective, as the Racing Commission does not have access to all the data needed for the annual report by the end of the calendar year. Previously, the commission had to file an incomplete report at the end of the calendar year and then a supplemental report later, but this new deadline will eliminate the need for multiple and incomplete reports.

Committee Categories

Government Affairs

Sponsors (2)

Last Action

Substituted by A5439 (on 01/10/2022)

bill text


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