2019 New Jersey Revised Statutes
Title 40 - Municipalities and Counties
Section 40:14B-62 - Investment in bonds of authority

40:14B-62. Investment in bonds of authority

Notwithstanding any restriction contained in any other law, the State and all public officers, municipalities, counties, political subdivisions and 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, moneys or other funds belonging to them or within their control in any bonds, and such bonds shall be authorized security for any and all public deposits.

L.1957, c. 183, p. 676, s. 62, eff. Aug. 22, 1957.

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