New Jersey Statutes
§ 40A:66-22 — Investment of funds.
New Jersey·Title 40A MUNICIPALITIES AND COUNTIES
22.Notwithstanding any restriction contained in any other law, the State and all public officers, municipalities, counties, political subdivisions of public bodies, and agencies thereof, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies, and other persons carrying on a banking business, all insurance companies, insurance associations, and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees, and other fiduciaries, may legally invest any sinking funds, monies, or other funds belonging to them or within their control, in any bonds of the authority, and the bonds shall be authorized security for any and all public deposits. L.2015, c.129, s
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Nearby Sections
15
§ 40A:66-1
Short title.§ 40A:66-11
Sale of bonds.§ 40A:66-13
Bond, obligation, coupon fully negotiable.§ 40A:66-15
Provisions, covenants with bond holders.§ 40A:66-16
Trustee to represent bond holders; powers.§ 40A:66-17
Appointment of receiver.§ 40A:66-18
Guaranty of bonds.§ 40A:66-19
Wholesale power supply contract.§ 40A:66-20
Compliance.§ 40A:66-21
Exemption from levy, sale.§ 40A:66-22
Investment of funds.§ 40A:66-23
Public property; tax exemption.