New Jersey Statutes
§ 52:18A-166 — Investment of funds; division of investment as fiduciary
New Jersey·Title 52 STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
The plan shall designate the Division of Investment, as constituted by P.L.1950, c. 270, (C. 52:18A-79 et seq.) as amended and supplemented from time to time, as the named fiduciary for the investment of funds under the plan and shall provide for such investment options as may be determined by the board, which may include but are not limited to group annuity programs, savings accounts, life insurance contracts, mutual funds, equities or bonds, provided said investments are made and administered in accordance with section 5 of this act; are authorized or approved for investment by the regulations of the State Investment Council; and are legal investments for fiduciaries of trust estates in this State. L.1978, c. 39, s. 4, eff. June 19, 1978.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 52:18A-166 (Investment of funds; division of investment as fiduciary) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 52:18A-1
"Department" defined§ 52:18A-10
Encumbrance requests and statements of indebtedness; approval; examination; warrant checks§ 52:18A-101
Personal rights not affected§ 52:18A-102
Repealer§ 52:18A-103
Repealer§ 52:18A-104
Inconsistent acts§ 52:18A-105
Affixing voucher signatures by machine§ 52:18A-106
Bond§ 52:18A-107
Purpose of act§ 52:18A-108
Definitions.§ 52:18A-11
Checks or drafts for transfer of funds§ 52:18A-111
Supplemental Annuity Collective Trust