{"data":{"id":"us-nj/n.j.-stat.-18a-3b-53.8","jurisdiction":"us-nj","citation":"N.J. Stat. § 18A:3B-53.8","heading":"Chief financial officer, public institution of higher education, duties, responsibilities.","body":"8. a. The Secretary of Higher Education shall establish the duties and responsibilities of a chief financial officer of a public institution of higher education, which shall include, but not be limited to:\n(1) acting as the lead agent on matters pertaining to financial reporting and planning, budget preparation, and management of investments and debts;\n(2) ensuring the short-term and long-term fiscal health of the institution;\n(3) providing oversight of the business practices of the institution;\n(4) aligning the institution's budget and strategic plans; and\n(5) reporting the financial condition of the institution to the secretary, and the governing board and president of the institution on a regular basis.\nb.\tThe secretary, in consultation with the State Comptroller and the Attorney General, shall prescribe terms and conditions, consistent with applicable State and federal law, upon which a chief financial officer may be held accountable for violations of the fiduciary duties of that position, including incompetence, or for any dishonest, deceptive, or fraudulent practice.\nL.2023, c.115, s.8.","path":["TITLE 18A EDUCATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"f3123d87dde378c5cfd15f1c957decc7eaf84e3b93de09efe2d17789fa85e7de","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-18a-3b-53.7","next":"us-nj/n.j.-stat.-18a-3b-53.9"},"notice":"GroundRules: Original legal text. Not legal advice."}