---
type: "Bill"
title: "Authorizes State Treasurer to determine salary of Director of Division of Investment."
description: "Authorizes State Treasurer to determine salary of Director of Division of Investment."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "219"
identifier: "S 3998"
citation: "New Jersey S 3998 (219)"
classification: ["bill"]
subjects: ["STATE OFFICE"]
status: "enacted"
primary_sponsors: ["Chiaravalloti, Nicholas", "Sarlo, Paul A."]
version_count: 1
action_count: 8
vote_count: 3
first_action: "2021-06-21T04:00:00+00:00"
last_action: "2021-06-30T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/c90904f7-703d-4d03-8df6-77744987ccea"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "867af2de7bcbceba7ea6a58e639ecd6f36a2c56ad27ca3df2fe9b04fa4cf218c"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 3998 (219) — Authorizes State Treasurer to determine salary of Director of Division of Investment.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2020/Bills/S4000/3998_I1.HTM)

## Votes

- Reported favorably out of committee — **8–0** (pass) · upper
- 3RDG FINAL PASSAGE — **28–12** (pass) · upper
- 3RDG FINAL PASSAGE — **47–26** (pass) · lower

## Sponsors

- Chiaravalloti, Nicholas — primary (person)
- Sarlo, Paul A. — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2021-06-21T04:00:00+00:00** Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee `introduction, referral-committee`
- **2021-06-21T04:00:00+00:00** Transferred to Senate Budget and Appropriations Committee `referral-committee`
- **2021-06-21T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2021-06-24T04:00:00+00:00** Passed Senate (28-12) `passage`
- **2021-06-24T04:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2021-06-24T04:00:00+00:00** Substituted for A5938
- **2021-06-24T04:00:00+00:00** Passed Assembly (Passed Both Houses) (47-26-0) `passage`
- **2021-06-30T04:00:00+00:00** Approved P.L.2021, c.138. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/c90904f7-703d-4d03-8df6-77744987ccea`. Confidence: reported (aggregated from official New Jersey legislature records).