New Jersey Statutes 5:9-13.1. Initiation of data exchange; prohibition on assignments, certain
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Terms Used In New Jersey Statutes 5:9-13.1
- Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
- 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
1. a. The Director of the Division of the State Lottery in the Department of the Treasury and the Director of the Division of Family Development in the Department of Human Services shall initiate an ongoing data exchange in the Office of Telecommunications and Information Systems in the Department of the Treasury before a payment is made of a State lottery prize in excess of $600.
b. A delinquent Title IV-D obligor who is an annuity award winner shall be prohibited from assigning the annuity award.
L.1991,c.384,s.1; amended 1995, c.333; 1998, c.1, s.32.