5. The New Jersey Puerto Rico Commission shall be authorized to raise funds, through direct solicitation or other fundraising events, alone, or with other groups, and accept gifts, grants, and bequests from individuals, corporations, foundations, governmental agencies, and public and private organizations and institutions, to defray the commission’s administrative expenses and to carry out its purposes as set forth in P.L.2019, c.284 (C. 52:16A-123 et seq.). The funds, gifts, grants, or bequests received pursuant to this section shall be deposited in an account in the Department of the Treasury and allocated and annually appropriated to the Department of State to defray the commission’s administrative expenses and carry out its purposes.

L.2019, c.284, s.5.