New Jersey § 18a:64n-12
Full text of New Jersey New Jersey Statutes § 18a:64n-12, with citation guidance and answers to common questions.
§ 18a:64n-12.
All functions, powers and duties relating to the investment or reinvestment of funds
other than those funds specified in subsection w. of section 9 of P.L.2017, c. 178 ( C.18A:64N-9 ) within the jurisdiction of the board of trustees including the purchase, sale, or
exchange of any investments or securities may be exercised and performed by the Director
of the Division of Investment in the Department of the Treasury in accordance with
the provisions of P.L.1950, c. 270 ( C.52:18A-79 et seq. ) if so authorized by the board. Before any such investment, reinvestment, purchase, sale, or exchange shall be made
by the director for or on behalf of the board of trustees, the Director of the Division
of Investment shall submit the details thereof to the board, which shall, itself or
by its finance committee, within 48 hours, exclusive of Sundays and public holidays,
after such submission to it, file with the director its written acceptance or rejection
of such proposed investment, reinvestment, purchase, sale, or exchange; and the director
shall have authority to make such investment, reinvestment, purchase, sale, or exchange
for or on behalf of the board, unless there shall have been filed with him a written
rejection thereof by the board or its finance committee as herein provided. The board of trustees shall determine from time to time the cash requirements of
the various funds and accounts established by it and the amount available for investment,
all of which shall be certified to the State Treasurer and the Director of the Division
of Investment. The finance committee of the board of trustees shall consist of three members of the
board who shall be appointed in the same manner and for the same term as other committees
of the board are appointed.
Frequently Asked Questions About New Jersey § 18a:64n-12
What does New Jersey Statutes § 18a:64n-12 cover?
Section 18a:64n-12 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 § 18a:64n-12?
A common citation format is "New Jersey Statutes § 18a:64n-12" (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 § 18a:64n-12 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.