26:2I-31 - Deposit of moneys received from health care organizations - New Jersey Statutes

26:2I-31  Deposit of moneys received from health care organizations.

31.Moneys of the authority received from any health care organization in payment of any sum due to the authority pursuant to the terms of any loan or other agreement or any bond, note or other evidence of indebtedness, shall be deposited in an account in which only moneys received from health care organizations shall be deposited and shall be kept separate and apart from and not commingled with any other moneys of the authority.  Moneys deposited in such account shall be paid out on  checks signed by the chairman of the authority or by such other person or persons as the authority may authorize, and countersigned by one other member of the authority.

L.1972,c.29,s.31; amended 1997, c.435, s.16.