43:17-31 Annual statements; filing, examination.

340 words·~2 min read·/nj/title-43/chapter-17/43-17-31

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

On or before February 20th in every year, each local firemen's relief association, however incorporated, shall file a financial report with the field examiner of the New Jersey State Firemen's Association who then shall file a sworn statement with the Secretary of State on or before May 1st showing:

a. The names of its representatives, trustees and other officers, and the amount of their respective fees or salaries, if any;

b. The names of the applicants approved for relief during or within the year preceding the statement and the amount of money paid to each of them;

c. The receipts and expenses during the year, which shall be stated in detail; and

d. The amount of money or other property in its possession at the date of making the statement and how the money is invested or secured and where it is deposited.

The executive committee shall cause an examination to be made of the local association and shall file a biannual report, certified by an accountant licensed by the State of New Jersey, with the Department of Banking and Insurance. The report shall provide the following:

(1)a statement of the plan and procedures for the examination and report;

(2)reasonable assurances that each local association's financial statement is free of material misstatements;

(3)material instances of non-compliance or failures to follow State statutes, regulations, or policies and the rules and regulations of the New Jersey State Firemen's Association;

(4)information to provide for the economical, fair, and non-discriminatory administration and efficient provisions for protection of the assets of the local association.

The statement of the plan and procedures shall be prepared by the executive committee of the New Jersey State Firemen's Association and be filed with the Department of Banking and Insurance. The plan or the procedures may be amended from time to time.

The report shall be filed with the Treasurer of the New Jersey State Fireman's Association and the Department of Banking and Insurance on or before June 1.

Amended 1996, c.151, s.26; 2005, c.39, s.4.