New Jersey Statutes 5:12-145.2. Calculation of income
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Terms Used In New Jersey Statutes 5:12-145.2
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
2. For the purpose of determining the amount of investment income to be credited to the “Casino Revenue Fund,” the State Treasurer shall calculate the average rate of earnings from the State’s general investments during each fiscal year and apply that rate to the average daily balance of the fund during that fiscal year.
L.1982,c.26,s.2.