45:15-36. Management and investment of funds
89 words·~1 min read·
/nj/title-45/chapter-15/45-15-36·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The State Treasurer shall hold, manage and through the Division of Investment, invest and reinvest funds of the real estate guaranty fund and credit all interest and other income earned thereon to the real estate guaranty fund in the same manner as provided by law with respect to investment of pension and retirement funds administered by the State. The Real Estate Commission shall keep the State Treasurer advised of the anticipated cash demands for payment of claims against the fund.
L.1976, c. 112, s. 3, eff. Feb. 1, 1977.