New Jersey Statutes 30:4D-21.3. Holocaust reparations, restitution not considered income for determination of PAAD eligibility
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Terms Used In New Jersey Statutes 30:4D-21.3
- Intangible property: Property that has no intrinsic value, but is merely the evidence of value such as stock certificates, bonds, and promissory notes.
- Restitution: The court-ordered payment of money by the defendant to the victim for damages caused by the criminal action.
2. Amounts received as reparations or restitution for the loss of liberty or damage to health by the victims of National Socialist (Nazi) persecution; returns of tangible or intangible property seized, misappropriated, or lost as a result of National Socialist (Nazi) actions or policies and any cash values in replacement of such property; payments of insurance policies purchased by the victims of National Socialist (Nazi) persecution; and any accumulated or accrued interest on such amounts shall not be counted as income for the purpose of determining eligibility for the Pharmaceutical Assistance to the Aged and Disabled program established pursuant to P.L.1975, c.194 (C. 30:4D-20 et seq.).
L.1998,c.113,s.2.