New Jersey Statutes 43:13-22.14. Deposit of funds; investment
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 43:13-22.14
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
The commission shall deposit the funds of the system in any depositories lawful for the deposit of municipal funds. All moneys not needed for immediate purposes may be invested by the commission in interest-bearing bonds of the United States Government, State of New Jersey, subdivisions, instrumentalities or agencies of the State of New Jersey or of any interstate agency of which the State of New Jersey is a member.
L.1954, c. 218, p. 813, s. 12.