N.J. Admin. Code § 10A:2-2.3
Current through Register Vol. 56, No. 21, November 4, 2024
Section 10A:2-2.3 - Individual savings accounts(a) Inmates may establish individual savings accounts in commercial banks or savings institutions only when all financial obligations as permitted by Federal or State statutes and financial obligations to the Department of Corrections are satisfied and upon approval of the Administrator. These accounts may take the form of: 3. Certificates of deposit.(b) Subject to approval by the Administrator, inmates may be permitted to retain passbooks, account statements and deposit slips except when inmates have outstanding debts and have already established individual savings accounts. In these instances, the passbooks, account statements and deposit slips shall be retained by the Administrator or designee.(c) Bonds and certificates of deposit must be held for safekeeping by the Business Manager or designee.(d) Inmates shall not be permitted to possess withdrawal slips.(e) Withdrawals may be permitted upon written approval of the Administrator.(f) All deposits and withdrawals shall be processed by the Business Manager or designee. N.J. Admin. Code § 10A:2-2.3
Amended by 50 N.J.R. 1964(a), effective 9/4/2018