34:1B-67. Establishment of reserves, liquid reserves
43 words·~1 min read·
/nj/title-34/chapter-1b/34-1b-67A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
6. The authority shall establish sufficient reserves and liquid reserves, aside from those moneys required to provide a sufficient and actuarially sound basis for its pledges contained in any loan, line of credit or guarantee agreement entered into pursuant to this act.
L.1993,c.197,s.6.