New Jersey § 43:8a-17
Full text of New Jersey New Jersey Statutes § 43:8a-17, with citation guidance and answers to common questions.
§ 43:8a-17.
(1) The Director of the Division of Investment in the Department of the Treasury shall
have control over the investment of the moneys of the pension fund. The secretary shall report on the investment of these moneys to the board of trustees. (2) The Treasurer of the State of New Jersey shall be the custodian of the several
funds created by section eighteen of this act. 1 All payments from said funds shall be made by him only upon vouchers signed by two
persons designated by the board of trustees. A duly attested copy of a resolution of the board of trustees designating such persons
and bearing on its face specimen signatures of such persons shall be filed with the
treasurer as his authority for making payments upon such vouchers. No voucher shall be drawn unless it has previously been authorized by resolution
of the board of trustees. (3) Except as otherwise herein provided, no trustee and no employee of the board of
trustees shall have any direct interest in the gains or profits of any investments
made by the board of trustees; nor shall any trustee or employee of the board directly
or indirectly, for himself or as an agent in any manner use the moneys of the retirement
system, except to make such current and necessary payments as are authorized by the
board of trustees; nor shall any trustee or employee of the board of trustees become
an endorser or surety, or in any manner an obligor for moneys loaned to or borrowed
from the board of trustees. 1
N.J.S.A. § 43:8A-18.
Frequently Asked Questions About New Jersey § 43:8a-17
What does New Jersey Statutes § 43:8a-17 cover?
Section 43:8a-17 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 43:8a-17?
A common citation format is "New Jersey Statutes § 43:8a-17" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 43:8a-17 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.