New Jersey Statutes 18A:72A-12.1. Investment or reinvestment of funds
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Terms Used In New Jersey Statutes 18A:72A-12.1
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
All functions, powers and duties relating to the investment or reinvestment of funds within the jurisdiction of the authority including the purchase, sale or exchange of any investments or securities may, at the request of the authority, be exercised and performed by the director of the Division of Investment, in accordance with written directions of the authority signed by an authorized officer.
L.1968, c. 400, s. 1, eff. Jan. 10, 1969.