Governor Signs Legislation Making Treasurer of School Moneys Optional
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July 12, 2010
The Governor signed legislation July 6, 2010, S-1287 (Van Drew), which makes the position of treasurer of school monies optional for a school district.
Prior to enactment of the new law, the custodian of the monies of a municipality served as the treasurer of school monies of a school district unless the board of education designated the tax collector as the treasurer. If a municipal custodian or the tax collector did not wish to serve as treasurer, the board had to appoint another person who was not a member / employee of the board.
The new law makes this position of treasurer of school monies optional for a school district. If the district decides to have a treasurer, the district may appoint anyone to the position, i.e. the district is not bound to appoint the municipal custodian or the tax collector. However, the district is still precluded from choosing a member or employee of the board. If the district determines not to have a treasurer, the duties are carried out by the board secretary.
The sponsors argued that the requirement drove up school district cost by requiring them to have a salaried treasurer to handle school monies, particularly since many of a school board secretary's functions overlap with those of a school treasurer.
The new law, P.L.2010, c.39, was effective upon signature by the Governor on July 6, 2010.