reglab/statecodes huggingface dataset:
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 81 - FOREIGN CURRENCY TRANSACTIONS › Section 17:16-81.1 - 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:
"Foreign currency transactions" mean agreements between two
				  parties to exchange two currencies at a specific time in the future. Foreign
				  currency transactions include both spot and forward contracts.
"Forward contracts" mean agreements to sell or buy a
				  specified amount of a specified foreign currency at a rate fixed at the time of
				  the transaction but with delivery at a specified future time. These contracts
				  take place on a date after the date that a spot contract settles. Forward
				  exchange contracts may involve the purchase or sale of foreign currency.
"Hedging" means combining a long position in an asset
				  denominated in a currency other than United States dollars with a short
				  position in the international currency in which the asset is denominated in
				  order to offset fluctuations in the value of the underlying asset attributable
				  to international currency fluctuations.
"Spot contracts" mean agreements to sell or buy a specified
				  amount of a specified foreign currency at a rate fixed at the time of the
				  transaction but with settlement (payment and delivery) on the spot date. The
				  settlement cycle of spot contracts is generally related to the settlement cycle
				  of the related security transaction.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 81 - FOREIGN CURRENCY TRANSACTIONS › Section 17:16-81.2 - Permissible investments

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations in this subchapter, the Director may enter into spot contracts for
				the purpose of settling investment transactions denominated in foreign
				currency.
(b) Subject to the
				limitations contained in this subchapter, the Director may enter into forward
				contracts for the purpose of hedging an eligible fund's international
				portfolio.
(c) Counterparties to
				foreign currency transactions shall be approved by and included on a list
				maintained by the Director. At the time of each transaction, the counterparty
				(or any guarantor pledging its full faith and credit to the transaction) shall
				have a long term credit rating of Baa2 or higher by Moody's Investors Service,
				Inc., BBB or higher by Standard & Poor's Corporation, and BBB or higher by
				Fitch Ratings, or the counterparty must be approved by the Council, except that
				two of the three ratings are sufficient and one of the three ratings is
				sufficient if only one rating is available.
(d) Notwithstanding the restrictions in this
				subchapter, the Council may approve the entering into foreign currency
				transactions on a case-by-case basis.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 81 - FOREIGN CURRENCY TRANSACTIONS › Section 17:16-81.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
(a) For purposes of this subchapter, eligible
				funds shall include:
1. Public Employees'
				Retirement System;
2. State Police
				Retirement System;
3. Teachers'
				Pension and Annuity Fund;
4.
				Judicial Retirement System of New Jersey; and
5. Any fund classified as a Common Pension
				Fund and permitted to invest in foreign exchange contracts.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 81 - FOREIGN CURRENCY TRANSACTIONS › Section 17:16-81.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
With respect to international securities, the portfolio
				  should be unhedged, except in such instances in which the Director believes
				  that circumstances exist in which hedging would serve to improve and protect
				  the inherent returns of the international portfolio.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 82 - FUTURES CONTRACTS › Section 17:16-82.1 - 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:
"Futures contract" means an agreement between a buyer and a
				  seller that is based on a referenced item, such as financial indices or
				  interest rates, or a financial instrument, such as equity or fixed income
				  securities, physical commodities, or currencies. Futures contracts may call for
				  physical delivery of a specified quantity of the underlying asset at a
				  specified price (futures or strike price) and date, or be settled in cash.
				  Prices are determined by competitive bids on the applicable exchange. The terms
				  of the contract are standardized and the applicable exchange is the
				  counterparty to each cleared transaction.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 82 - FUTURES CONTRACTS › Section 17:16-82.2 - 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 futures contracts provided that the futures
				contracts trade on a securities exchange or the over-the-counter
				market.
(b) The Director may
				deliver securities to satisfy contractual obligations pursuant to the
				Division's purchase and sale of a futures contract.
(c) Notwithstanding the restrictions in this
				subchapter, the Council may approve the purchase of futures contracts on a
				case-by-case basis.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 82 - FUTURES CONTRACTS › Section 17:16-82.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to invest in
				  futures contracts.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 82 - FUTURES CONTRACTS › Section 17:16-82.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) At the time of
				each transaction, the following conditions shall be met:
1. Each transaction shall be subject to the
				applicable market or other regulatory position limits;
2. The aggregate market value of each asset
				class, together with the value of any futures contract obligations should be
				within the asset allocation range for the respective asset class; and
3. The total aggregate notional value of all
				futures contracts shall not exceed an amount equal to five percent of the
				combined assets of all of the Pension and Annuity Funds, except that this limit
				may be increased to an amount not to exceed 10 percent by the Director for a
				fixed period of time after consultation with the Investment Policy Committee of
				the Council. Long and short positions shall not be netted when computing total
				aggregate notional value.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 83 - SWAP TRANSACTIONS › Section 17:16-83.1 - 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:
"Credit default swap transactions" mean agreements between
				  two parties, whereby one party makes periodic payments to the other party and
				  receives the promise of a payoff if a third party defaults. The former party
				  receives credit protection and is said to be the "buyer" while the other party
				  provides credit protection and is said to be the "seller." The risk of default
				  is transferred from the buyer of the swap to the seller of the swap.
"Currency swap transactions" mean agreements between two
				  parties that involves the exchange of principal and interest in one currency
				  for the same in another currency.
"Equity swap transactions" mean agreements between two
				  parties to exchange cash flows while still holding the original assets. The two
				  sets of nominally equal cash flows are exchanged per the terms of the swap, and
				  may involve an equity-based cash flow that is traded for a fixed-income cash
				  flow.
"Interest rate swap transactions" mean agreements between two
				  parties where one stream of future interest payments is exchanged for another
				  according to a prearranged formula. Interest rate swap transactions often
				  exchange a fixed payment for a floating payment that is linked to an interest
				  rate.
"Swap transactions" mean agreements between two parties to
				  exchange securities or cash flows in the future, according to a prearranged
				  formula. Swap transactions may include equity swap transactions, currency swap
				  transactions, interest rate swap transactions, and credit default swap
				  transactions.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 83 - SWAP TRANSACTIONS › Section 17:16-83.2 - Permissible investments

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may enter into swap
				transactions, including index-based swap transactions, on behalf of any
				eligible fund provided that:
1. Swap
				transactions shall be listed on a securities exchange, traded on an
				over-the-counter market or be bid/offered on a competitive basis with multiple
				broker dealers;
2. Credit default
				swap transactions may only be purchased for fixed income securities held in the
				pertinent portfolio of any eligible fund, except that index-based swaps may be
				purchased if the Director determines that a significant number of the
				underlying obligations contained in the index correspond to securities eligible
				for investment by, and are actually held in the portfolio of, an eligible fund;
				and
3. The counterparty (or any
				guarantor pledging its full faith and credit to the transaction) has been
				approved by and is included on a list maintained by the Director. At the time
				of each transaction, the counterparty (or any guarantor pledging its full faith
				and credit to the transaction) shall have a long term credit rating of Baa2 or
				higher by Moody's Investors Service, Inc., BBB or higher by Standard &
				Poor's Corporation, and BBB or higher by Fitch Ratings, or the counterparty
				must be approved by the Council, except that two of the three ratings are
				sufficient and one of the three ratings is sufficient if only one rating is
				available.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 83 - SWAP TRANSACTIONS › Section 17:16-83.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to enter
				  into swap transactions.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 83 - SWAP TRANSACTIONS › Section 17:16-83.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) At the time of
				entering into a swap transaction:
1. The
				notional value of net exposure to any one counterparty shall not exceed one
				percent of the combined value of all of the Pension and Annuity Funds;
				and
2. The total notional value of
				all swap transactions shall not exceed five percent of the combined assets of
				all of the Pension and Annuity Funds, except that this limit may be increased
				to an amount not to exceed 10 percent by the Director for a fixed period of
				time after consultation with the Investment Policy Committee of the
				Council.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 84 - COVERED CALL OPTIONS › Section 17:16-84.1 - 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:
"Covered call options" mean call options, including
				  index-based call options, sold on common stocks held in the pertinent
				  portfolio, except that index-based call options may be sold and subsequently
				  repurchased if substantially all of the underlying securities contained in the
				  index correspond to securities eligible for investment by, and are actually
				  held in the portfolio of, an eligible fund.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 84 - COVERED CALL OPTIONS › Section 17:16-84.2 - Permissible transactions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may sell and repurchase
				covered call options on behalf of any eligible fund, provided that any covered
				call option purchased or sold shall be listed on a securities exchange, traded
				on the over-the-counter market or be bid/offered on a competitive basis with
				multiple broker dealers.
(b)
				Notwithstanding the restrictions in this subchapter, the Council may approve
				covered call options on a case-by-case basis.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 84 - COVERED CALL OPTIONS › Section 17:16-84.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
(a) For purposes of
				this subchapter, eligible funds shall include:
1. New Jersey Better Educational Savings
				Trust;
2. Supplemental Annuity
				Collective Trust;
3. New Jersey
				State Employees Deferred Compensation Equity Fund;
4. New Jersey State Employees Deferred
				Compensation Small Capitalization Equity Fund; and
5. Any fund classified as a Common Pension
				Fund and permitted to invest in covered call options.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 85 - PUT OPTIONS › Section 17:16-85.1 - 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:
"Put options" mean put options, including index-based put
				  options, purchased or written for securities, assets, or foreign currencies
				  permissible for investment in the eligible fund.
"Put spreads" mean the purchase of put options on particular
				  underlying securities, assets, or foreign currencies permissible for investment
				  in the eligible fund, with the simultaneous writing of put options on the same
				  underlying securities, assets, or currencies, at a lower strike price.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 85 - PUT OPTIONS › Section 17:16-85.2 - Permissible transactions

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Subject to the
				limitations contained in this subchapter, the Director may purchase and
				subsequently sell put options, including index-based put options, on behalf of
				any eligible fund, provided that any put option purchased or sold shall be
				listed on a securities exchange, traded on the over-the-counter market, or be
				bid/offered on a competitive basis with multiple broker dealers.
(b) Subject to the limitations contained in
				this subchapter, the Director may execute and subsequently terminate put
				spreads, provided that the purchased and written put options shall be for the
				same number of contracts, and shall be listed on a securities exchange, traded
				on the over-the-counter market, or be bid/offered on a competitive basis with
				multiple broker dealers.
(c)
				Notwithstanding the restrictions in this subchapter, the Council may approve
				put options or put spreads on a case-by-case basis
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 85 - PUT OPTIONS › Section 17:16-85.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to invest in
				  put options.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 85 - PUT OPTIONS › Section 17:16-85.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The difference
				between the aggregate market value of purchased put options and written put
				options outstanding at any one time cannot exceed two percent of the market
				value of all the pension and annuity funds.
(b) If subsequent to purchasing or writing
				put options, the limitation in (a) above is exceeded, the Director shall sell
				put options in an amount necessary to comply with such limitation.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 90 - PRIVATE EQUITY › Section 17:16-90.2 - 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 private equity in any of the following ways:
1. Invest in private equity investments
				through separate accounts, funds-of-funds, commingled funds, direct
				investments, co-investments, and joint ventures subject to the further provisos
				as contained at
				N.J.A.C.
				17:16-69.9;
2. Purchase the common stock of an entity
				that primarily invests in private equity, and whose stock is traded on a
				securities exchange or over-the-counter market or offered and sold through a
				private placement; and
3. Purchase
				exchange-traded funds traded on a securities exchange or the over-the-counter
				market that primarily invest in private equity. For the purposes of this
				subchapter, exchange-traded funds shall be considered as common stock in
				determining all applicable limitations contained in this subchapter.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 90 - PRIVATE EQUITY › Section 17:16-90.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to invest in
				  private equity.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 90 - PRIVATE EQUITY › Section 17:16-90.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The following conditions shall be met at
				the time of purchase, in the case of investments in publicly traded securities,
				and at the time of presentation to the Investment Policy Committee in
				accordance with
				N.J.A.C.
				17:16-69.9(a)1, in the case
				of private equity investments made pursuant to
				N.J.A.C.
				17:16-90.2(a)1:
1. The Pension and Annuity Funds'
				proportionate interest in the aggregate market value of private equity
				investments pursuant to this subchapter shall not exceed 18 percent of the
				combined assets of all of the Pension and Annuity Funds;
2. The total amount directly invested in the
				equity and fixed income obligations of any one issuer and affiliated entities
				by the Pension and Annuity Funds and the Common Pension Funds, in the
				aggregate, shall not exceed five percent of the combined assets of all the
				Pension and Annuity Funds. This limitation shall be applied to the Pension and
				Annuity Funds' proportionate interest in the investments;
3. The total amount of a particular class of
				stock purchased or acquired of any one issuer shall not exceed 10 percent of
				that class of stock outstanding; and
4. The total amount of shares directly
				purchased or acquired of any one exchange-traded fund shall not exceed 10
				percent of the total shares outstanding of such fund.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 95 - OPPORTUNISTIC INVESTMENTS › Section 17:16-95.1 - 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:
"Opportunistic investments" mean investments which have one
				  or more readily identifiable attributes which are sufficiently different from
				  those of other asset classes permitted under this chapter so as to be outside
				  the scope of such asset classes.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 95 - OPPORTUNISTIC INVESTMENTS › Section 17:16-95.2 - 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 opportunistic investments provided that:
1. The Director shall provide the Investment
				Policy Committee of the Council, prior to any binding commitment, with the
				requested due diligence information for all opportunistic investments
				recommended by the Division and a formal written report for each such
				investment; and
2. The Director
				shall provide an informational memorandum to the Council of every opportunistic
				investment made, which memorandum shall be provided at the next regularly
				scheduled meeting of the Council subsequent to the date such investment has
				been made.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 95 - OPPORTUNISTIC INVESTMENTS › Section 17:16-95.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to invest in
				  opportunistic investments.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 95 - OPPORTUNISTIC INVESTMENTS › Section 17:16-95.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) At the time of initial purchase, the
				following conditions shall be met:
1. Not
				more than seven percent of the combined assets of all the Pension and Annuity
				Funds shall be invested in opportunistic investments in the aggregate. This
				limitation shall be applied to the Pension and Annuity Funds' proportionate
				interest in opportunistic investments; and
2. Not more than two percent of the combined
				assets of all the Pension and Annuity Funds shall be invested in any one
				opportunistic investment. This limitation shall be applied to the Pension and
				Annuity Funds' proportionate interest in any one opportunistic
				investment.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 100 - ABSOLUTE RETURN STRATEGY INVESTMENTS › Section 17:16-100.2 - 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 absolute return strategy investments in any
				of the following ways:
1. Invest in absolute
				return strategy funds through commingled funds, funds-of-funds, separate
				accounts, managed accounts, and direct investments in individual funds subject
				to the further provisos as contained at
				N.J.A.C.
				17:16-69.9;
2. Purchase the common stock of an entity
				that primarily invests in absolute return strategy investments, and whose stock
				is traded on a securities exchange or over-the-counter market or offered and
				sold through a private placement; and
3. Purchase exchange-traded funds traded on a
				securities exchange or the over-the-counter market that primarily invests in
				absolute return strategy investments. For the purposes of this subchapter,
				exchange-traded funds shall be considered as common stock in determining all
				applicable limitations contained in this subchapter.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 100 - ABSOLUTE RETURN STRATEGY INVESTMENTS › Section 17:16-100.3 - Eligible funds

Current through Register Vol. 56, No. 14, July 15, 2024
For purposes of this subchapter, eligible funds shall
				  include any fund classified as a Common Pension Fund and permitted to invest in
				  absolute return strategy investments.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 16 - RULES OF THE STATE INVESTMENT COUNCIL › Subchapter 100 - ABSOLUTE RETURN STRATEGY INVESTMENTS › Section 17:16-100.4 - Limitations

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The following conditions shall be met at
				the time of purchase, in the case of investments in publicly traded securities,
				and at the time of presentation to the Investment Policy Committee in
				accordance with
				N.J.A.C.
				17:16-69.9(a)1, in the case
				of absolute return strategy investments made pursuant to
				N.J.A.C.
				17:16-100.2(a)1:
1. The Pension and Annuity Funds'
				proportionate interest in the aggregate market value of absolute return
				strategy investments pursuant to this subchapter shall not exceed 10 percent of
				the combined assets of all of the Pension and Annuity Funds and not more than
				one percent of the combined assets of all of the Pension and Annuity Funds may
				be invested directly in any individual fund. This limitation shall be applied
				to the Pension and Annuity Funds' proportionate interest in the
				investments;
2. The total amount
				directly invested in the equity and fixed income obligations of any one issuer
				and affiliated entities by the Pension and Annuity Funds and the Common Pension
				Funds, in the aggregate, shall not exceed five percent of the combined assets
				of all the Pension and Annuity Funds. This limitation shall be applied to the
				Pension and Annuity Funds' proportionate interest in the investments;
3. The total amount of a particular class of
				stock purchased or acquired of any one issuer eligible for investment pursuant
				to N.J.A.C. 17:16-100.2(a)2 and
				(b) shall not exceed 10 percent of that class
				of stock outstanding; and
4. The
				total amount of shares directly purchased or acquired of any one
				exchange-traded fund shall not exceed 10 percent of the total shares
				outstanding of such fund.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.1 - Background and purpose

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Housing units
				are provided to employees primarily for the benefit of the State. This benefit
				is either to provide security or other in-kind service associated for the
				benefit of the respective department/agency.
(b)P.L. 1983, c.468, established within the
				Department of Treasury the Residential Housing Management Board (Board), which
				is responsible for the management of all State owned residential housing, with
				certain exceptions.
(c)It is the
				purpose of these rules to assure that State employees are treated fairly and
				uniformly with recognition that differences in their responsibilities, the
				nature of their work and the type of housing may on occasion generate rules and
				procedures unique to those situations.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.2 - Occupying units

Current through Register Vol. 56, No. 14, July 15, 2024
No residential housing units are to be occupied without
				  first being inspected by the Employee Housing Unit of the Department of
				  Treasury, Division of Property Management and Construction, Office of Real
				  Property Management.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.3 - Vacating units

Current through Register Vol. 56, No. 14, July 15, 2024
(a) All residential
				housing units shall be inspected immediately by the Employee Housing Unit of
				the Office of Real Property Management after departure of the employee. The
				department/agency employing the tenant shall serve two weeks advance notice to
				the Employee Housing Unit of the Office of Real Property Management to provide
				sufficient time for scheduling the inspection.
(b) At the end of the rental term, the
				employee shall:
1. Leave the property clean
				and in good condition;
2. Remove
				all of the employee's personal property;
3. Repair all damages caused by moving;
				and
4. Return the property to the
				department/agency in the same condition as it was at the beginning, except for
				normal wear caused by reasonable use.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.4 - Eligibility standards for occupancy

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Only those
				employees who are designated as permanent classified, unclassified or
				provisional employees, or who are full-time 10-month employees (permanent
				classified, unclassified or provisional), shall be eligible to occupy
				State-owned employee housing. Seasonal, per diem, temporary or hourly State
				employees shall not be eligible for employee housing.
(b) Eligible employees may, at the discretion
				of the department/ agency, occupy employee housing subject to the following:
1. The employee's department/agency has
				employee housing within its control; and
2. The employee is filling a "mandatory"
				position and must occupy designated employee housing; or has applied for
				employee housing and the department/agency has housing spaces
				available.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.5 - Annual survey

Current through Register Vol. 56, No. 14, July 15, 2024
The Board shall require an annual survey of all employee
				  housing units. This survey shall be done by a member of the Employee Housing
				  Unit of the Office of Real Property Management, with reasonable notice given to
				  the employee.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.6 - Annual rent review

Current through Register Vol. 56, No. 14, July 15, 2024
(a) P.L. 1983, c.468, requires the Board to
				review annually housing rental rates, utility charges and maintenance fees. The
				rental rates shall be fair market value but shall take into account the
				location of the unit.
(b) Utility
				charges shall be paid by the employee, either by being metered separately,
				where practicable, or added to the rent.
(c) Routine maintenance charges shall be paid
				by the employee. Routine maintenance shall include, but not are limited to,
				repairs and replacement due to the tenant's act or neglect or damage by the
				tenant, tenant's household members, or guests.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.7 - Rental reduction

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The Board may authorize a reasonable
				reduction or waiver of rental or related fees for any one of the following
				reasons:
1. Residency is a condition of
				employment;
2. The unit is located
				on institution grounds; or
3. The
				rental value of unit is disproportionate to the employee's salary.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.8 - Change in employee status

Current through Register Vol. 56, No. 14, July 15, 2024
(a) An employee who
				becomes ineligible to occupy a unit shall vacate the unit within 30 calendar
				days of receipt of written notice to vacate by the department/agency, unless
				granted an extension by the Board for reasons of hardship, pursuant to
				N.J.A.C.
				17:17-1.13.
(b) In the event an employee who is receiving
				reduced rent based on mandatory status appeals the determination of eligibility
				and the appeal is ultimately unsuccessful, the employee shall be liable to the
				State for the difference between the full fair-market-value rent and the
				reduced rent retroactive to the effective date of the vacate notice. Payment
				shall be due and owing within 30 calendar days of the employee's receipt of the
				notice of the final determination of the appeal.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.9 - Discrimination

Current through Register Vol. 56, No. 14, July 15, 2024
No person shall be denied occupancy of a State-owned
				  residential housing unit on account of religious affiliation, creed, ancestry,
				  marital status, disability, gender, national or ethnic origin, race, color,
				  affectual or sexual orientation, sex, or gender identity or expression, or on
				  any other grounds prohibited pursuant to the Law Against Discrimination,
				  N.J.S.A.
				  10:5-1 et seq.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.10 - Subletting; assignment

Current through Register Vol. 56, No. 14, July 15, 2024
No employee of a State-owned housing unit shall assign or
				  sublet the unit or shall permit additional persons, other than members of the
				  employee's household, to occupy the unit without the approval of the Board. The
				  number of people occupying the unit shall not exceed the number permitted under
				  the State Housing Code, N.J.A.C. 5:28.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.11 - Signs

Current through Register Vol. 56, No. 14, July 15, 2024
No signs, notices of advertising, or other lettering shall
				  be displayed, painted or affixed to the outside or inside of the property
				  without the department/agency's written consent, and without the property
				  license or permit if required by governmental agencies.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.12 - Fire and other casualty

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The employee
				shall give the department/agency immediate notice of any fire or other casualty
				in the property. If the property cannot be used because of fire or other
				casualty, the employee shall not be required to pay rent for the time that the
				property is not usable. If part of the property cannot be used, the employee
				must pay rent for the usable part.
(b) If the fire or other casualty is caused
				by the act or neglect of the employee or the employee's household, employees,
				agents or guests, the employee shall pay for all repairs and all other damages.
				In that case, the employee must pay the full rent for the balance of the
				term.
(c) If the property is
				partially damaged by fire or other casualty without the act or neglect of the
				employee or the employee's household, employees, agents or guests, the
				department/agency shall repair it as soon as possible. The department/agency
				need only repair the damaged structural parts of the property and fixtures
				installed by the department/agency. The department/agency shall not be required
				to repair or replace anything installed by the employee. Employee shall be
				responsible for insuring employee's property.
(d) The lease shall terminate if the property
				is totally destroyed or otherwise rendered uninhabitable by fire or other
				casualty without the act or neglect of the employee or employee's household,
				employees, agents, or guests.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.14 - Violation, eviction, re-entry and damages

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The
				department/agency may evict the employee for the violation of any agreement in
				this lease or for all other causes provided by law. The department/agency may
				then re-enter and regain possession of the property. The department/agency must
				give the employee the notice required by law.
(b) The department/agency may sue the
				employee for damages, including reasonable attorney's fees and costs, resulting
				from the employee's violation of any agreement in the lease.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.15 - Change of occupant

Current through Register Vol. 56, No. 14, July 15, 2024
The Change of Status in a Unit of Occupant form (Form
				  OPM-EH2) must be prepared and submitted by the department/agency to the
				  Employee Housing Unit of the Office of Real Property Management within 15
				  calendar days upon any change in occupancy of a unit.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.16 - Leases

Current through Register Vol. 56, No. 14, July 15, 2024
Each employee must sign a lease with a copy of the fully
				  signed lease forwarded to the Employee Housing Unit. The lease must be on file
				  prior to occupancy.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.17 - Leave of absence

Current through Register Vol. 56, No. 14, July 15, 2024
An employee with an approved leave of absence may continue
				  to occupy a housing unit, provided rental is paid biweekly in a check or money
				  order made payable to "Treasurer, State of New Jersey" and forwarded through
				  the department/agency to Office of Real Property Management. Failure to pay the
				  rental in a timely manner shall subject the employee to eviction as provided
				  under the law.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 17 - RESIDENTIAL HOUSING MANAGEMENT BOARD › Subchapter 1 - PROCEDURAL GUIDE FOR OCCUPYING AND VACATING EMPLOYEE HOUSING UNITS › Section 17:17-1.18 - Capped rent

Current through Register Vol. 56, No. 14, July 15, 2024
In any case where the rental of a unit exceeds 25 percent of
				  an employee's salary, that employee shall not be required to pay more than said
				  25 percent. The rental shall be adjusted during the lease term as the
				  employee's salary changes.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.1 - Declaration of policy

Current through Register Vol. 56, No. 14, July 15, 2024
(a) All abandoned
				safe deposit boxes and other safekeeping repositories shall be individually
				reported regardless of content value.
1.
				Contents of some commercial value or insubstantial commercial value shall be
				detailed pursuant to
				17:14A-51 and pursuant to
				46:30B-46 through 50 and these
				rules.
2. For the purposes of the
				report requirements, items of insubstantial commercial value, may be grouped
				under the heading "Insubstantial Commercial Value" and need not be individually
				listed for each safekeeping unit.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.3 - Reporting

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The safe
				deposit box holder shall be sent a notification each year prior to August 1
				detailing any changes in reporting requirements. The State of New Jersey
				accepts HRS Pro files, which may be downloaded from the Unclaimed Property
				Administration website. The Unclaimed Property Administration may also be
				contacted for further instructions.
1.
				Instructions as to how to report will be posted on the Unclaimed Property
				Administrations website. The web address is
http://www.unclaimedproperty.nj.gov/
.
				All holders shall record an owners name, associated address, and social
				security number.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.4 - Estimation of value

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The holder
				shall report to the administrator the nature and identifying number, if any, or
				description of the property item and the actual/appraised/estimated value.
1. Only "worthless" items may be reported in
				the aggregate. A statement that there were various "worthless" items may be
				included.
i. "Worthless" items are items of
				insubstantial commercial value including, but not limited to, personal letters,
				food items (of any type), clothing (exclusive of furs), dentures/eyeglasses,
				personal prosthetic devices, trinkets--inexpensive ashtrays/paperweights, High
				School/College textbooks, notebooks--with/without personal writing, personal
				snapshots/pictures, newspapers/magazines, personal
				documents/certificates/diplomas, receipts -- gas/electric/telephone/rent,
				Training Manuals (any profession), paperback books, and paper clips/elastic
				bands.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.5 - Reporting multiple boxes or repositories of worthless items

Current through Register Vol. 56, No. 14, July 15, 2024
(a) Multiple boxes
				or repositories of "worthless" items shall be reported individually.
1. In the event one person owns two or more
				boxes or repositories the aggregate value of which is $ 25.00 or more, even
				though the contents of each individual box or repository are valued at less
				than $ 25.00, the holder shall report the name and last known address of the
				owner pursuant to
				46:30B-47(a).
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.6 - Alternate disposition and indemnification of holder upon election of administrator not to receive the property

Current through Register Vol. 56, No. 14, July 15, 2024
(a) A
				representative of the Unclaimed Property Administration shall verify that the
				contents are of insubstantial commercial value.
(b) If the administrator declines to receive
				any property because of insubstantial commercial value, the holder may dispose
				of the property as it sees fit, provided that the holder gives notice to the
				administrator prior to such disposition as to its intentions.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.7 - Retention of records

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The holder
				shall retain records pursuant to
				17:14A-50.
(b) Every holder required to file a report
				under Article 17 of N.J.S.A. 46:30B, as to any property for which it has
				obtained the last known address of the owner, shall maintain a record of the
				name and last known address of the owner for five years after the property
				becomes reportable, except to the extent that a shorter time is provided by
				rule of the administrator.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.8 - Continuity of records

Current through Register Vol. 56, No. 14, July 15, 2024
Where a holder acquires unclaimed property from another
				  holder, such as in a merger, acquisition, reorganization, consolidation, or
				  transfer, that successor holder shall have a duty to maintain and continue the
				  records of the prior holder concerning the unclaimed property, including, but
				  not limited to, the date of the last rental payment, lease period, or other
				  custodial agreement.
New Jersey Administrative Code › Title 17 - TREASURY - GENERAL › Chapter 18 - UNCLAIMED PERSONAL PROPERTY › Subchapter 1 - SAFE DEPOSIT BOX POLICIES AND PROCEDURES › Section 17:18-1.9 - Notice requirement

Current through Register Vol. 56, No. 14, July 15, 2024
(a) The holder
				shall give written notice to the apparent owner by certified mail with return
				receipt requested not more than 120 days nor less than 60 days before the
				report is filed, pursuant to
				46:30B-50, informing the apparent
				owner that the holder is in possession of property presumed abandoned if:
1. All holders of safe deposits and other
				repositories are required to cross-reference all open accounts for a current
				address. The most current address must be used for certified mailings;
2. The holder has in its records
				an address for the apparent owner which the holder's records do not disclose to
				be inaccurate;
3. The claim of the
				apparent owner is not barred by the statute of limitations; and
4. The property has a value of $ 50.00 or
				more.