This bill amends existing legislation to explicitly include virtual currency and non-fungible tokens (NFTs) in the definition of "gift" for public officials. The new legal language states that "Gift shall include any form of virtual currency and non-fungible tokens (NFTs)." This change applies to various sections of the law, including those governing state officers, local government employees, and school officials, thereby broadening the scope of what constitutes a gift that public officials are prohibited from accepting.

As a result of this amendment, public officials in New Jersey will be prohibited from accepting virtual currency and NFTs as gifts, reinforcing ethical standards and transparency in public service. The bill is set to take effect immediately upon passage, ensuring that these regulations are implemented without delay.

Statutes affected:
Introduced: 52:13D-13, 40A:9-22.3, 18A:12-23