34:1B-7.33. Establishment of reserves
34 words·~1 min read·
/nj/title-34/chapter-1b/34-1b-7-33·A 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 to provide a sufficient and actuarially sound basis for its pledges contained in any loan guarantee agreement entered into pursuant to this act.
L.1993,c.358,s.6.