New Jersey Statutes 43:10-18.5. Deposit of funds; investments
Current as of: 2023 | Check for updates
|
Other versions
Terms Used In New Jersey Statutes 43:10-18.5
- 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 pension commission shall deposit the funds in any of the banks or trust companies in the county. All moneys not needed for immediate payment of the pensions shall be invested by the pension commission in interest bearing bonds of any municipality in this State or in any other interest bearing securities in which savings banks of this State are authorized to invest their funds.
L.1943, c. 160, p. 450, s. 5.