Pandemic Darlings The pandemic economy, in original documents
Home Source documents Senate Commerce Committee Statement — Senate Bill No. 3882 (New Jersey, March 24, 2025)

Senate Commerce Committee Statement — Senate Bill No. 3882 (New Jersey, March 24, 2025)

Summary

Senate Commerce Committee Statement to Senate, No. 3882, with committee amendments, State of New Jersey, dated March 24, 2025. The committee reports favorably on Senate Bill No. 3882, which modifies current law on the collection of funds by the Department of Banking and Insurance and certain professional boards. As amended, the bill authorizes the department to retain any fees, assessments, or charges paid to the commissioner. The committee amended the bill to remove the requirement that the commissioner of Banking and Insurance return collected fees and moneys to the Director of the Division of Budget and Accounting and pay the sum into the State Treasury.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Senate Commerce Committee Statement — Senate Bill No. 3882 (New Jersey, March 24, 2025).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2025-03-24-scm-s3882-s1-7d41df0b98/, SHA-256 f83e181375cdecbbe3f56ccbab74d96ab18a341a174dd9c749cb27a69b729ab4.

Full text

     SENATE COMMERCE COMMITTEE

                    STATEMENT TO

                  SENATE, No. 3882
                  with committee amendments



 STATE OF NEW JERSEY
                    DATED: MARCH 24, 2025

    The Senate Commerce Committee reports favorably and with
committee amendments Senate Bill No. 3882.
   As amended, this bill modifies current law governing the
collection of funds by the Department of Banking and Insurance
(the “department”) and certain professional boards. The bill
authorizes the department to retain any fees, assessments, or
charges paid to the commissioner. It also authorizes the boards
regulated in Title 45 of New Jersey law to retain funds collected
and remaining with the treasury of each board as of June 30 of each
year. The funds collected by each professional board consist of fees
paid for initial licensure and for licensure renewal.

COMMITTEE AMENDMENTS
    The committee amended the bill to:
    1) remove the current requirement for the commissioner of
Banking and Insurance to return to the Director of the Division of
Budget and Accounting all fees and moneys collected by the
department, and pay the sum so collected into the State Treasury;
and
    2) require fees, assessments, or charges paid to the Department of
Banking and Insurance to be retained by the department.

File and source

File
2025-03-24_SCM_S3882_S1.pdf
Size
109,520 bytes
SHA-256
f83e181375cdecbbe3f56ccbab74d96ab18a341a174dd9c749cb27a69b729ab4
Our copy
2025-03-24_SCM_S3882_S1.pdf
Original
No public link identified.
Back to top