2009 New Jersey Code
TITLE 32 - INTERSTATE AND PORT AUTHORITIES AND COMMISSIONS
Section 32:8
32:8-8 - Bonds of commission as legal investments

32:8-8.  Bonds of commission as legal investments
     ARTICLE VII.

     The bonds or obligations which may be issued by the commission for any of its authorized purposes, and as security for which tolls, rents, rates, and other revenues shall have been pledged, are hereby made securities in which all  state and municipal officers and bodies of the state of New Jersey and the  commonwealth of Pennsylvania, and all banks, bankers, trust companies, savings  banks, savings and loan associations, investment companies, and other persons  carrying on a banking business, or insurance companies, insurance associations,  and other persons carrying on an insurance business, and all administrators,  executors, guardians, trustees, and other fiduciaries, and all other persons  whatsoever, who now or may hereafter be authorized to invest in bonds or other  obligations of the state of New Jersey or of the commonwealth of Pennsylvania,  may properly and legally invest funds, including capital belonging to them or  within their control;  and said bonds or other obligations are hereby made securities which may properly and legally be deposited with and received by any  state or municipal officer, or agency of the state of New Jersey and the  commonwealth of Pennsylvania, for any purpose for which the deposit of bonds or  other obligations, either of the state or of the commonwealth, is now or may  hereafter be authorized.