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44:10-88 Definitions regarding individual development accounts.
New Jersey Statutes (Unannotated) / NEW JERSEY GENERAL AND PERMANENT STATUTES (UPDATED THROUGH P.L.2023, c.256, and J.R.18) / TITLE 44 POOR
...
44
:
10-88
Definitions
regarding
individual
development
accounts
.
44
:
10-88
Definitions
regarding
individual
development
accounts
. 3. As used in this act: "Account holder" means a person who is the owner of an
individual
development
account. "Commissioner" means the Commissioner of Community Affairs. "Community-based organization" means a not-for-profit organization described in section 501(c)(3) of the...
... section 501(a) of the Internal Revenue Code of 1986 (26 U.S.C. s.501 (a)), that is approved by the commissioner to implement the New Jersey
Individual
Development Account Program established under this act. "Department" means the Department of Community Affairs. "Economic literacy" means a basic understanding of budgets and savings accounts...
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