New Jersey Administrative Code › Title 5 - COMMUNITY AFFAIRS › Chapter 30 - LOCAL FINANCE BOARD › Subchapter 9 - GOVERNMENT ELECTRONIC RECEIPT ACCEPTANCE › Section 5:30-9.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, as used in this subchapter, shall
				  have the following meanings, unless the context clearly indicates otherwise.
"Bulk receipt" means a single deposit by a single party that
				  represents multiple transactions.
"Card issuer" means any organization or association that issues
				  or licenses others to issue any credit card or debit card.
"Credit card" means any instrument or device linked to an
				  established line of credit, whether known as a credit card, charge card, credit
				  plate, or by any other name, issued with or without fee by an issuer for the use of
				  the cardholder in satisfying outstanding financial obligations, obtaining money,
				  goods, services, or anything else of value on credit.
"Debit card" means any instrument or device, whether known as a
				  debit card, automated teller machine card, or by any other name, issued with or
				  without fee by an issuer for the use of the cardholder in obtaining money, goods,
				  services, or anything else of value through the electronic authorization of a
				  financial institution to debit the cardholder's account.
"Delinquent local unit obligation," in a municipality that
				  conducts its tax sale after the close of the fiscal year, means a municipal charge
				  that is unpaid on the 30th day prior to the completion of the tax sale list pursuant
				  to the Tax Sale Law,
				  N.J.S.A.
				  54:5-1 et seq. In a municipality that conducts an
				  accelerated tax sale, "delinquent local unit obligation" means a municipal charge
				  that is unpaid on the 11th day of the 11th month of the fiscal year. For all other
				  local units, a delinquent local unit obligation means any debt or charge that has
				  been turned over to a municipality for collection through the tax sale process.
"Director" means the director of the Division of Local Government
				  Services.
"Electronic funds transfer" means any transfer of funds, other
				  than a transaction originated by check, draft, or similar paper instrument, that is
				  initiated through an electronic terminal, telephone, or computer, or magnetic tape
				  for the purpose of ordering, instructing, or authorizing a financial institution to
				  debit or credit an account, and includes an in-person funds transfer and an online
				  funds transfer.
"Electronic receipt" means any receipt transaction made through
				  the use of a credit card, debit card, or electronic funds transfer.
"In-person funds transfer" means any transfer of funds through a
				  service that accepts a payment made in-person, by any method, and then transmits
				  those funds to a payee by electronic funds transfer, but shall not include a service
				  that requires a local unit to maintain, and funds to be transmitted to, an account
				  that is not a designated depository of the local unit pursuant to
				  N.J.S.A.
				  40A:5-14.
"Local unit" means any unit of government subject to the
				  provisions of chapters 5 or 5A of Title 40A of the New Jersey Statutes, and the
				  constituent parts of those units, including, but not limited to, independent local
				  authorities, public libraries, municipal courts and joint municipal courts.
"Local unit obligations" means any local unit tax, charge, fee,
				  penalty, fine, assessments, service or utility charge, payment transactions by the
				  public for goods or services, except for credit card payment of delinquent local
				  unit obligations or for the redemption of local unit liens.
"Online funds transfer" means any Internet-based transfer of funds
				  through an Internet-based payment system, but shall not include a service that
				  requires a local unit to maintain, and funds to be transmitted to, an account that
				  is not a designated depository of the local unit pursuant to
				  N.J.S.A.
				  40A:5-14.
"Payor identification" means information, such as an account
				  number, property block and lot number, or other identifying characteristic, used to
				  sufficiently identify the purpose of the receipt and person or organization using
				  electronic receipt to pay a local unit obligation.
"Processor" means any organization with whom the local unit
				  contracts to process or make electronic receipt transactions.