New Jersey § 18a:66-61
Full text of New Jersey New Jersey Statutes § 18a:66-61, with citation guidance and answers to common questions.
§ 18a:66-61.
The board of trustees shall be and are hereby constituted trustees of the various
funds and accounts established by this article; provided, however, that all functions,
powers and duties relating to the investment or reinvestment of moneys of, and purchase,
sale or exchange of any investments or securities, of or for any fund or account established
under this article, shall be exercised and performed by the Director of the Division
of Investment in accordance with the provisions of chapter 270, of the laws of 1950. 1 The secretary of the board of trustees shall determine from time to time the cash
requirements of the various funds and accounts established by this article and the
amount available for investment, all of which shall be certified to the Director of
the Division of Investment. An elected member of the board of trustees to be designated by a majority vote thereof shall
serve on the state investment council as a representative of said board of trustees,
for a term of three years and until a successor is designated and qualified. The finance committee of the board of trustees shall be appointed on or before July
1 of each calendar year by the chairman of the board of trustees to serve through
June 30 of the ensuing calendar year and until their successors are appointed. The finance committee of the board of trustees shall consist of three members of
the board of trustees, one of whom shall be the State Treasurer. 1
N.J.S.A. § 52:18A-79 to § 52:18A-94.
Frequently Asked Questions About New Jersey § 18a:66-61
What does New Jersey Statutes § 18a:66-61 cover?
Section 18a:66-61 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:66-61?
A common citation format is "New Jersey Statutes § 18a:66-61" (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:66-61 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.