New Jersey Statutes 43:16A-16.10. Authority of board of trustees
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Terms Used In New Jersey Statutes 43:16A-16.10
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
3. The board of trustees shall at all times have authority to invest and reinvest the monies in, and to acquire for or on behalf of, the Police and Firemen’s Retirement System of New Jersey mortgage loans on residential property.
L.1992, c.78, s.3; amended 2018, c.55, s.20.