Authorizes withholding of funds due to federal government if federal government withholds funds from State in contravention of a court decision.

Summary

The bill requires every state agency to report any federal funds the federal government owes New Jersey in violation of a court order, as well as any state‑owed federal taxes or fees. The governor, after reviewing the Treasury’s report, may direct the Treasury to withhold an equal amount of payments to the federal government. Withheld funds are held in reserve and then revert to the state’s General Fund at the end of the fiscal year.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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