reglab/statecodes huggingface dataset:
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 4 - SET-ASIDE PROGRAM PROCEDURES › Section 17:14-4.2 - Subcontracting goal program and procedures

Current through Register Vol. 56, No. 14, July 15, 2024
(a) When
				deemed appropriate, any State contracting agency, consistent with its
				contracting authority, may establish and administer a subcontracting goal
				program in lieu of, or as a supplement to, the set-aside program.
(b) Each State contracting agency shall
				maintain records regarding subcontracts awarded pursuant to this program. The
				procedures shall include the following provisions:
1. The State contracting agency shall review
				its schedule of contracting opportunities and establish a method of determining
				which upcoming contracts are suitable for the subcontracting goal program.
i. Factors to be considered when making the
				determination that a particular contract is suitable for inclusion in this
				program include, but are not limited to: the minimum number of contractors
				assigned to a commodity code, the total dollar amount of the project and
				subcontracting opportunities on the project, and the number of available
				eligible businesses in geographical proximity to the project site.
ii. The designation of a particular RFP as a
				disabled veteran-owned business set-aside subcontracting opportunity shall be
				made prior to the public advertisement.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 4 - SET-ASIDE PROGRAM PROCEDURES › Section 17:14-4.3 - Good faith efforts of bidders; requirements

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The
				following actions shall be taken by a bidder in establishing a good faith
				effort to solicit and award subcontracts to eligible disabled veteran-owned
				businesses, as established in the RFP:
1. The
				bidder shall attempt to locate qualified potential disabled veteran-owned
				business subcontractors;
2. The
				bidder shall consult the disabled veteran business database if none are known
				to the bidder;
3. The bidder shall
				keep a record of its efforts, including the names of businesses contacted and
				the means and results of such contacts, as well as documentation on any good
				faith efforts to solicit and award any subcontract to an eligible disabled
				veteran-owned business; and
4. The
				bidder shall provide all potential subcontractors with detailed information
				regarding the specifications.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 4 - SET-ASIDE PROGRAM PROCEDURES › Section 17:14-4.4 - Exemptions from set-aside program

Current through Register Vol. 56, No. 14, July 15, 2024
In those circumstances where Federal law, rules, or
				  regulations permit or require a procurement procedure other than those
				  prescribed in this chapter, the State contracting agency shall follow the
				  Federal procedures notwithstanding the provisions of this chapter, provided
				  that the State contracting agency issues a written declaration that such
				  Federal laws, rules, or regulations are in effect.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 5 - PLANNING AND REPORTING › Section 17:14-5.1 - Planning and reporting

Current through Register Vol. 56, No. 14, July 15, 2024
(a) All agencies
				shall develop a plan for the coming fiscal year to comply with the programs
				established by this chapter.
(b)
				Annually, within 180 calendar days of the end of each State fiscal year, the
				agency shall file with the Unit, a report containing the following information:
1. The total number of all contracts awarded
				to disabled veteran-owned businesses, including a separate listing of set-aside
				contracts, and the percentage of the procurements by the agency;
2. The types and sizes of businesses
				receiving set-aside awards and the nature of the purchases and contracts;
				and
3. The efforts made to
				publicize the program.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 5 - PLANNING AND REPORTING › Section 17:14-5.2 - Reporting requirements

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Within 30
				calendar days of the end of each State contracting agency's fiscal quarters,
				the agency shall file with the Division a report containing the following
				information prescribed by the Division:
1.
				The total number and dollar value of all contracts advertised and awarded,
				delineating which of these contracts and the percentages that were advertised
				and awarded as small business set-aside contracts in each of the three
				categories of small businesses set forth in
				17:14-4.1;
i. The State contracting agencies, in
				determining compliance with the set-aside goals for the three categories, shall
				count only those contracts awarded as a result of set-aside designations and
				only for the categories designated. If a registered small business was awarded
				a contract that was not set aside, that contract cannot be counted as a
				set-aside award but shall be counted toward attainment of the agency's overall
				goal.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 14 - DISABLED VETERAN-OWNED BUSINESS REGISTRATION › Subchapter 5 - PLANNING AND REPORTING › Section 17:14-5.3 - Annual review

Current through Register Vol. 56, No. 14, July 15, 2024
The Treasurer of the State of New Jersey shall undertake an
				  annual review of the operation of the small business programs governed by this
				  chapter and report to the Governor on the need for continuation or modification
				  of the small business programs contained in this chapter. This report shall be
				  based upon the reports submitted to the Division and the State Treasurer and
				  any other information deemed appropriate. The report will include performance
				  data on compliance and deficiencies for each contracting agency and be publicly
				  distributed as deemed appropriate.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.1 - Purpose and scope

Current through Register Vol. 56, No. 14, July 15, 2024
This chapter shall govern the use of the Memorial. Subject
				  to this chapter, a person shall be allowed to distribute any written or printed
				  materials, gather, demonstrate, picket, make a speech, or hold a vigil or other
				  ceremony at the Memorial.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
As used in this chapter, the following words and terms shall
				  have the following meanings, unless the context clearly indicates
				  otherwise.
"Camping" means the use of the Memorial grounds for living
				  accommodation purposes including, but not limited to, sleeping activities,
				  storing personal belongings, or making any fire; or using any tents, shelters,
				  other structure, or vehicle for sleeping or carrying on cooking
				  activities.
"Gathering" includes any assembly of 10 or more persons for
				  any purpose. This term does not include casual Memorial use by visitors or
				  tourists that do not have an intent or propensity to attract a crowd or
				  onlookers.
"Memorial" means the entirety of the New Jersey World War II
				  Memorial, located on West State Street, Trenton, New Jersey, including its
				  public grounds, walkways, plazas, and steps, and any of its ancillary
				  structures, facilities, or components.
"Office" means the Office of State Government Security of the
				  New Jersey State Police, located at the State House in Trenton.
"Permit" unless otherwise specified, means any written
				  authorization issued by or under the authority of the Office for a specified
				  privilege, allowing the performance of a specified act or acts at the
				  Memorial.
"State Capitol Complex" means the State House and the State
				  House Annex and any ancillary structures, facilities, or components that are
				  integral to the operation or use of the State House or State House Annex and
				  the adjacent public grounds, walkways, driveways, and parking areas.
"Structure" includes props and displays, such as coffins,
				  crates, crosses, theaters, cages, and statues; furniture and furnishings, such
				  as desks, chairs, tables, bookcases, cabinets, platforms, podiums, and
				  lecterns; shelters, such as tents, boxes, and other enclosures; wagons and
				  carts; and all other similar types of property that might tend to harm Memorial
				  resources, including aesthetic interests. However, the term "structure" does
				  not include signs, bicycles, baby carriages, or baby strollers lawfully at the
				  Memorial that are temporarily placed in, or are being moved across, the
				  Memorial, and that are attended at all times while at the Memorial or
				  wheelchairs and other devices for the handicapped in use by handicapped
				  persons.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.3 - Permit application

Current through Register Vol. 56, No. 14, July 15, 2024
A group of 10 or more persons intending to gather at the
				  Memorial for any purpose shall apply at least 72 hours prior to the intended
				  gathering for a permit from the Office. Notwithstanding this requirement, the
				  Office will accept all applications for demonstrations whenever submitted and
				  process such applications as soon as it is feasible to do so, considering the
				  magnitude of the event and the resources of the State Police, and may confine
				  the gathering to a prescribed area.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.4 - Grounds for denying a permit

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Upon
				application, the Office may deny a permit if:
1. The Memorial is not a suitable location
				because park installations, statues, landscaping, planting, or other
				environmental conditions are reasonably likely to be harmed by the proposed
				event;
2. The Memorial is not a
				suitable location because the proposed event is of such nature, size, or
				duration that the Memorial cannot reasonably accommodate the event;
3. The date and time requested have
				previously been allotted by permit;
4. The date and time requested have
				previously been allotted to an applicant for a gathering on the State Capitol
				Complex, and the gathering on the State Capitol Complex is of such magnitude or
				nature as to preclude a concurrent gathering at the Memorial; or
5. The event would interfere unreasonably
				with the enjoyment of the Memorial by others.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.5 - Additional grounds for denial

Current through Register Vol. 56, No. 14, July 15, 2024
Upon application, the Office may deny a permit if, within
				  the preceding two years, the applicant has been granted a permit and did, on
				  that prior occasion, knowingly violate a material term or condition of that
				  permit, or any law, ordinance, statute, or rule relating to the use of the
				  Memorial.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.6 - Permit conditions

Current through Register Vol. 56, No. 14, July 15, 2024
The Office may condition its approval of a permit on the
				  applicant group's providing its own marshals, toilet facilities, and personnel
				  to remove litter during the gathering.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.7 - Grounds for canceling permit

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The Office is
				authorized to cancel the permit of any applicant group and take appropriate
				measures to terminate or disband a gathering if the gathering:
1. Endangers the health or safety of the
				applicant group or any other person; or
2. Is not being conducted in accordance with
				the conditions set forth in the permit.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.8 - Use and storage of personal items

Current through Register Vol. 56, No. 14, July 15, 2024
No parcel, container, package, bundle, or other property
				  shall be placed or stored at or on the Memorial; provided, however, that such
				  property, except structures, may be momentarily placed or set down in the
				  immediate presence of the owner at the Memorial.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.9 - Structures prohibited

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The erection,
				placement, or use of structures of any kind is prohibited, except structures
				that are being hand-carried.
1. When 100 or
				more persons are participating in a gathering at the Memorial, a temporary
				speaker's platform as is reasonably required to serve the gathering
				participants is allowed, as long as such platform is being erected, dismantled,
				and used, provided that only one speaker's platform is allowed per
				demonstrating group, and further that such speaker's platform is authorized by
				a permit issued pursuant to
				17:15B-1.3.
2. When less than 100 people are
				participating in a gathering at the Memorial, a temporary "soapbox" speaker's
				platform is allowed, as long as such platform is being erected, dismantled, and
				used, providing that only one speaker's platform is allowed per demonstrating
				group, and provided further that the speaker's platform is no larger than three
				feet in length, three feet in width, and three feet in height, and further that
				such speaker's platform is authorized by a permit issued pursuant to
				17:15B-1.3.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.10 - Signs

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The use of
				hand-carried signs is permitted, regardless of size. Signs that are not being
				hand-carried and that are no larger than four feet in length, four feet in
				width and one-quarter inch in thickness may be used at the Memorial, provided
				that no individual may have more than two such signs at the Memorial at any one
				time.
1. Such signs must be attended at all
				times, meaning an individual is within three feet of his or her
				sign(s).
2. Such signs may not be
				elevated in a manner, so as to:
i. Exceed a
				height of six feet above the ground at their highest point;
ii. Be arranged or combined in a manner so as
				to exceed the size limitations set forth in this section; or
iii. Be arranged in such a fashion as to form
				an enclosure of two or more sides.
3. For example, under this section, two
				four-feet by four-feet signs may not be combined, so as to create a sign eight
				feet long and four feet wide, and three such signs may not be arranged to
				create a sign four feet long and 12 feet wide, and two or more signs of any
				size may not be leaned or otherwise placed together so as to form an enclosure
				of two or more sides.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.11 - Use of sound amplification

Current through Register Vol. 56, No. 14, July 15, 2024
Sound amplification is allowed in connection with permitted
				  demonstrations or special events, provided prior notice has been given to the
				  Office. The Office reserves the right to limit the sound amplification
				  equipment, so that it will not unreasonably disturb nonparticipating persons at
				  or in the vicinity of the Memorial.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.12 - Camping prohibited

Current through Register Vol. 56, No. 14, July 15, 2024
(a) To protect and
				maintain the intact condition of the Memorial, ensure that the grounds are open
				to access for all members of the public, and, in light of the Memorial's
				proximity and adjacency to the State House, facilitate the ability of the State
				Police to control security at the Memorial, camping is prohibited at the
				Memorial.
(b) Activities constitute
				"camping" when it reasonably appears, in light of all the circumstances, that
				the participants, in conducting these activities, are in fact using the area as
				a living accommodation regardless of the intent of the participants or the
				nature of any other activities in which they may also be engaging.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.13 - Availability of electricity is limited

Current through Register Vol. 56, No. 14, July 15, 2024
Electrical energy is not available at the Memorial for use
				  during gatherings. Permit applicants must so indicate if electrical energy is
				  required for the event. If the applicant requires electrical energy, the Office
				  shall employ reasonable efforts to offer the applicant suitable alternative
				  locations where either electricity is available or generators are permitted,
				  unless the Office is otherwise authorized to deny the permit pursuant to
				  17:15B-1.4 or 1.5. Gatherings at
				  the Memorial are not permitted to use generators.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 15B - NEW JERSEY WORLD WAR II MEMORIAL › Subchapter 1 - USE OF NEW JERSEY WORLD WAR II MEMORIAL › Section 17:15B-1.14 - Consequences of violation of this chapter

Current through Register Vol. 56, No. 14, July 15, 2024
Any person who violates the provisions of this chapter may
				  be expelled and ejected from the Memorial and may be subject to civil or
				  criminal prosecution for damage to persons or property or for violations of
				  Title 2C of the New Jersey Statutes.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 1 - GENERAL PROVISIONS › Section 17:16-1.1 - Purpose

Current through Register Vol. 56, No. 14, July 15, 2024
It is the purpose of this chapter to establish rules to
				  govern the methods, practices or procedures for investment, reinvestment,
				  purchase, sale or exchange transactions to be followed by the Director of the
				  Division of Investment.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 1 - GENERAL PROVISIONS › Section 17:16-1.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this chapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise:
"Council" means the State Investment Council.
"Director" means the Director of the Division of
				  Investment.
"Division" means the Division of Investment, Department of
				  the Treasury of the State of New Jersey.
"Proportionate interest" means the percentage calculated by
				  dividing one or more eligible fund's units of participation in a Common Pension
				  Fund by the total number of units of participation outstanding of the Common
				  Pension Fund.
"State" means the State of New Jersey.
"Treasurer" means the Treasurer of the State of New Jersey.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 1 - GENERAL PROVISIONS › Section 17:16-1.3 - Permissible investments

Current through Register Vol. 56, No. 14, July 15, 2024
Notwithstanding the provisions of any law pertaining to
				  legal investments, the Director shall not make any commitment to purchase
				  securities or other investments for any fund unless such securities are of the
				  class of investments in which such fund may be invested pursuant to these
				  regulations.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 1 - GENERAL PROVISIONS › Section 17:16-1.4 - Legal documents

Current through Register Vol. 56, No. 14, July 15, 2024
In connection with any permissible investments under this
				  chapter, the Director shall obtain any documents, representations, or opinions
				  that may be required by the Attorney General.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 3 - CLASSIFICATION OF FUNDS › Section 17:16-3.1 - General provisions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Funds having similar investment
				characteristics and objectives under their respective enabling acts shall be
				grouped together in any of the following classifications:
1. Pension and Annuity Funds;
2. Static Funds;
3. Demand Funds;
4. Temporary Reserve Funds;
5. Trust Funds;
6. The State of New Jersey Cash Management
				Fund; and
7. Common Pension
				Funds.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 3 - CLASSIFICATION OF FUNDS › Section 17:16-3.2 - Approved list

Current through Register Vol. 56, No. 14, July 15, 2024
A list of funds under the supervision of the Council, and
				  the classification of such funds, shall be maintained by the Director.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.1 - Purpose

Current through Register Vol. 56, No. 14, July 15, 2024
(a) It is the
				policy of the Council to ensure that the selection of investment management
				firms to provide investment management services to the State Pension and
				Annuity Funds is based on the merits of such firms and not on the political
				contributions made by such firms. This subchapter is designed to protect the
				beneficiaries of the Pension and Annuity Funds, the State taxpayers and the
				public interest by:
1. Prohibiting investment
				management firms from being engaged to provide investment management services
				to the State if certain political contributions have been made; and
2. Requiring investment management firms that
				provide or are applying to provide investment management services to the State
				to disclose certain political contributions, as well as other information,
				thereby allowing meaningful public scrutiny of the selection of investment
				management firms.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.2 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise:
"Control" means the power to exercise a controlling influence
				  over the management or policies of an investment management firm or political
				  action committee.
"Investment management firm" means one or more natural
				  persons, corporations, partnerships or other entities, incorporated or
				  unincorporated, that provide investment management services.
"Investment management professional" means:
1. Any person associated with an investment
				management firm who is primarily engaged in the provision of investment
				management services;
2. Any person
				associated with an investment management firm involved in client development or
				the solicitation of business from pension fund clients, including pension fund
				clients that are not State Pension and Annuity Fund clients;
3. Any person associated with an investment
				management firm who is a supervisor of any person described in 1 or 2 above, up
				through and including the Chief Executive Officer or similarly situated
				official; or
4. Any person
				associated with an investment management firm, its parent company, or any other
				entity that controls the investment management firm, who is a member of the
				executive or management committee of such firm or controlling entity, or
				similarly situated officials, if any.
"Investment management services" means:
1. The business of making or recommending
				investment management decisions for or on behalf of a State Pension and Annuity
				Fund;
2. The business of advising
				or managing a separate entity which makes or recommends investment management
				decisions for or on behalf of a State Pension and Annuity Fund, including as
				general partner, investment manager, or similar entity of an investment
				vehicle; or
3. The provision of
				financial advisory or consultant services to a State Pension and Annuity Fund.
"Investment vehicle" means an investment in which a State
				  Pension and Annuity Fund invests directly under
				  17:16-23.2(a)2,
				  71.2(a)1, 90.2(a)1, or 100.2(a)1.
"Payment" means any gift subscription, loan, advance, or
				  deposit of money or anything of value.
"Political contribution" means any gift, subscription, loan,
				  advance, or deposit of money or anything of value made:
1. For the purpose of influencing any
				election for State office;
2. For
				the purpose of influencing any election for local office by a person who is
				also:
i. A State official; or
ii. An employee or advisor of either the
				State or a State official;
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.3 - Restrictions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The Division
				shall not engage an investment management firm to provide investment management
				services for the benefit of a State Pension and Annuity Fund, and shall not
				recommend that a separate account invest with an investment management firm,
				if, within the two years prior to such engagement or recommendation, any
				political contribution or payment to a political party covered by this
				subchapter has been made or paid by:
1. The
				investment management firm, its parent company, or any other person or entity
				that controls the investment management firm;
2. Any investment management professional
				associated with such investment management firm;
3. Any third party solicitor associated with
				such investment management firm; or
4. Any political action committee controlled
				by the investment management firm, its parent company, or any other entity that
				controls the investment management firm, or by an investment management
				professional of such investment management firm or controlling
				entity.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.4 - Solicitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Any investment
				management firm, investment management professional or third party solicitor
				that is engaged or is seeking to be engaged in providing investment management
				services to the State shall not:
1. Solicit
				any person or political action committee to make a political contribution or
				payment to a political party;
2.
				Coordinate political contributions or payments to a political party;
3. Fund political contributions or payments
				to a political party made by third parties, including consultants, attorneys,
				family members or persons controlling the investment management firm;
				or
4. Engage in any exchange of
				political contributions or payments between State officials or political
				parties to circumvent the intent of this policy.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.5 - Indirect violations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) No investment
				management firm, investment management professional, or third party solicitor
				shall, directly or indirectly, through or by any other person or any means
				whatsoever, do any act which would violate the provisions of
				17:16-4.3 or 4.4.
(b) Indirect violations shall include, but
				are not limited to:
1. A family member or
				other person making political contributions or payments to a political party on
				the person or entity's behalf;
2. A
				person or entity making payments to a Federal party committee or other
				political committee or organization for the purpose of influencing State or
				local elections governed by this subchapter; and
3. A third party solicitor making political
				contributions or payments to a political party in order to encourage the
				engagement of an investment management firm for which it is not directly
				soliciting business from the Division.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.6 - Reporting

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Except as
				otherwise provided in (b) and (c) below, each investment management firm that
				is engaged to provide investment management services to the State shall, prior
				to engagement and by the last day of the month following the end of each
				calendar quarter during the term of such engagement, send to the Council and
				the Division the following information:
1. A
				list of those persons who qualify as investment management professionals, and
				any updates to this list;
2. For
				all political contributions and payments to political parties made by persons
				described in
				17:16-4.3(a) or
				(b), excluding any political contribution or
				payment to a political party made pursuant to
				17:16-4.3(c) and
				(d):
i. The
				name and address of the contributor;
ii. The name and title of each State official
				or political party receiving the political contribution or payment;
iii. The amount of the political contribution
				or payment to the political party; and
iv. The date of the political contribution or
				payment to the political party.
3. Whether any reported political
				contribution or payment to a political party is the subject of an exemption
				pursuant to
				17:16-4.1 0, and the date of such
				exemption; and
4. For any payment
				made to a third party solicitor: the name and business address of the
				recipient, the services provided by the recipient, the compensation arrangement
				between the investment management firm and the recipient, and the total dollar
				amount of payments made during the report period.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.7 - Public disclosure

Current through Register Vol. 56, No. 14, July 15, 2024
The Council and the Division shall make available to the
				  public a copy of each report received from an investment management firm within
				  30 days of its receipt or as otherwise required by law.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.8 - Additional information

Current through Register Vol. 56, No. 14, July 15, 2024
The Council and the Division will accept additional
				  information related to political contributions, payments to political parties,
				  and payments to third party solicitors voluntarily submitted by investment
				  management firms or others.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.9 - Contract termination

Current through Register Vol. 56, No. 14, July 15, 2024
The Division shall provide in each contract with an
				  investment management firm that a violation of the provisions in this
				  subchapter shall be cause for immediate termination of such contract. In the
				  case of a violation by a general partner, investment manager, or similar entity
				  of an investment vehicle, the governing documents of the investment vehicle
				  shall provide that the State Pension and Annuity Fund shall have the right to
				  terminate its relationship with the investment management firm.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.10 - Exemptions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) An investment
				management firm that would otherwise be prohibited from being engaged to
				provide investment management services to the State pursuant to
				17:16-4.3 shall be exempt from
				such prohibition, subject to (b) and (c) below, upon satisfaction of the
				following requirements:
1. The investment
				management firm demonstrates in writing to the Division that:
i. The firm discovered the political
				contribution or the payment to a political party that resulted in the
				prohibition on business within four months of the date of such contribution or
				payment;
ii. Such political
				contribution or payment to a political party did not exceed $ 250.00;
				and
iii. The contributor obtained a
				return of the political contribution or payment to the political party within
				60 calendar days of the date of discovery of such contribution or payment;
				or
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 4 - STATE INVESTMENT COUNCIL'S POLICY CONCERNING POLITICAL CONTRIBUTIONS AND PROHIBITIONS ON INVESTMENT MANAGEMENT BUSINESS › Section 17:16-4.11 - Restrictions on Council members

Current through Register Vol. 56, No. 14, July 15, 2024
It is prohibited for any Council member to receive any form
				  of compensation, gratuity, gift, service, or payment in connection with the
				  hiring or retention of any investment management firm by the Division during
				  the Council member's term and for a two-year period immediately following the
				  completion of such Council member's term. This subsection shall include any
				  compensation, gratuity, gift, service, or payment to the Council member, the
				  Council member's immediate family, or any partner or associate of the Council
				  member. For the purposes of this subsection, "immediate family" shall mean a
				  person's spouse, child, parent, or sibling residing in the same household or a
				  person's domestic partner as defined in
				  P.L.
				  2003, c. 246
				  (N.J.S.A.
				  26:8A-3).
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 5 - SECURITIES LENDING TRANSACTIONS › Section 17:16-5.1 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meaning, unless the context clearly indicates
				  otherwise:
"Cash collateral" means cash and cash equivalents delivered
				  by a borrower to secure its obligations under a securities lending
				  agreement.
"Cash equivalents" mean U.S. Treasury obligations,
				  irrevocable bank letters of credit, or any other security which can be
				  converted immediately to cash.
"Securities lending agent" means a third party engaged by the
				  Division or the Treasurer to effect securities lending transactions on behalf
				  of an eligible fund.
"Securities lending agreement" means a legal contract between
				  a borrower and an eligible fund or a securities lending agent on behalf of an
				  eligible fund, which governs the contractual obligations of the parties.
"Securities lending transactions" means arrangements whereby
				  securities are loaned to a borrower in exchange for cash collateral. Ownership
				  of the securities is transferred temporarily to the borrower.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 5 - SECURITIES LENDING TRANSACTIONS › Section 17:16-5.2 - Permissible transactions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may enter into
				securities lending transactions on behalf of any eligible fund, provided that:
1. The securities are on a list of securities
				eligible for securities lending transactions maintained by the
				Director;
2. The borrower is on a
				list of approved borrowers maintained by the Director;
3. The transaction is evidenced by a written
				securities lending agreement executed by the borrower and an eligible
				fund;
4. The collateral is held in
				a separate account on behalf of any eligible fund;
5. The securities loaned by an eligible fund
				and the cash collateral delivered by the borrower shall be marked to market
				each business day. The borrower shall be required to deliver additional
				collateral in the event the market value of the cash collateral is less than
				the required percentage of the market value of the loaned securities as
				required by the securities lending agreement; and
6. The securities lending agent, if
				applicable, shall establish and maintain such records as are reasonably
				necessary to account for the securities lending transactions and the income
				derived therefrom.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 5 - SECURITIES LENDING TRANSACTIONS › Section 17:16-5.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
(a) For purposes of this subchapter, eligible
				funds shall include:
1. The Public Employees'
				Retirement System;
2. The State
				Police Retirement System;
3. The
				Teachers' Pension and Annuity Fund;
4. The Judicial Retirement System of New
				Jersey; and
5. Any fund classified
				as a Common Pension Fund.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 5 - SECURITIES LENDING TRANSACTIONS › Section 17:16-5.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Not more than
				15 percent of the market value of the assets of any Common Pension Fund shall
				be loaned to any one borrower.
(b)
				The required collateral levels by type of security shall be specified in an
				agreement with the securities lending agent, where applicable, and in each
				securities lending agreement, but in no event shall the required collateral
				level be less than 100 percent of the market value of the loaned
				securities.
(c) If the limitations
				in this subchapter are not met, then the Council shall be notified at the next
				regularly scheduled meeting of the Council. The Division may be granted a
				six-month period of grace to bring the transactions into compliance, except
				that the period of grace may be extended for additional four-month periods with
				the approval of the Council.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 11 - UNITED STATES TREASURY AND GOVERNMENT AGENCY OBLIGATIONS › Section 17:16-11.1 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise:
"Government Agency Obligations" mean debt obligations of any
				  United States governmental agency that are not explicitly guaranteed by the
				  full faith and credit of the United States Government included on a list of
				  such agencies maintained by the Director.
"United States Treasury Obligations" mean debt obligations of
				  the United States Treasury or any debt obligations that are explicitly
				  guaranteed by the full faith and credit of the United States Government.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 11 - UNITED STATES TREASURY AND GOVERNMENT AGENCY OBLIGATIONS › Section 17:16-11.2 - Permissible investments

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may invest and reinvest
				the moneys of any eligible fund in United States Treasury Obligations and
				Government Agency Obligations, as well as Treasury receipts, certificates of
				accrual, collateralized mortgage obligations or similar securities which
				evidence ownership of interest and/or principal of United States Treasury
				Obligations or Government Agency Obligations, provided that the Director and a
				member of his staff certify that the security being considered for purchase is
				qualitatively substantially identical to the United States Treasury Obligations
				or Government Agency Obligations which secure or otherwise support
				it.
(b) Prior to any commitment to
				purchase a Government Agency Obligation, it shall be ascertained that the
				issuer is included on a list of government agencies maintained by the Director.
				The Director shall maintain a memorandum on file in support of the inclusion of
				any new government agencies on such list, and shall notify the Council of the
				inclusion at the next regularly scheduled meeting of the Council.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 11 - UNITED STATES TREASURY AND GOVERNMENT AGENCY OBLIGATIONS › Section 17:16-11.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
(a) For purposes of
				this subchapter, eligible funds shall include funds classified as:
1. Pension and Annuity Funds;
2. Static Funds;
3. Demand Funds;
4. Temporary Reserve Funds;
5. Trust Funds;
6. The State of New Jersey Cash Management
				Fund; and
7. Any fund classified as
				a Common Pension Fund and permitted to invest in United States Treasury and
				Government Agency Obligations.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 12 - GLOBAL DEBT OBLIGATIONS › Section 17:16-12.1 - Definitions

Current through Register Vol. 56, No. 14, July 15, 2024
The following words and terms, when used in this subchapter,
				  shall have the following meanings, unless the context clearly indicates
				  otherwise:
"Global debt obligations" mean debt issued by any
				  corporation, bank, trust, master limited partnership, limited liability
				  company, or other form of legal entity.
"Private placement" means a negotiated sale in which the
				  securities are sold directly to institutional or private investors, rather than
				  through a public offering registered with the U.S. Securities and Exchange
				  Commission or applicable foreign regulatory body. Private placement includes
				  the sale of securities pursuant to Section 4(2), Regulation D, Regulation S, or
				  Rule 144A under the Securities Act of 1933, as amended.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 12 - GLOBAL DEBT OBLIGATIONS › Section 17:16-12.2 - Permissible investments

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may invest and reinvest
				the moneys of any eligible fund in global debt obligations provided that:
1. The obligor:
i. Is not in default as to the payment of
				principal or interest upon any of its outstanding obligations. Subsequent to
				purchase, if the obligor defaults, the obligations do not have to be sold;
				and
ii. Has a market capitalization
				or contributed capital of at least $ 100 million. Subsequent to purchase, if
				capitalization or contributed capital falls below $ 100 million, the investment
				does not have to be sold; and
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 12 - GLOBAL DEBT OBLIGATIONS › Section 17:16-12.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
(a) For purposes of
				this subchapter, eligible funds shall include:
1. Any fund classified as a Pension and
				Annuity Fund;
2. Any fund
				classified as a Trust Fund;
3. Any
				fund classified as a Common Pension Fund and permitted to invest in global debt
				obligations; and
4. The State of
				New Jersey Cash Management Fund.