New Jersey § 2a:15-73

§ 2a:15-73.

The chief justice may cause any moneys brought into the Superior Court or remaining

on deposit therein to be invested (a) in the bonds and other securities of the United

States, (b) in interest-bearing bonds of such character and description as are or

may be lawful investments for moneys deposited with savings banks of this State , (c) in bonds secured by mortgages which shall be a first lien upon improved real

estate situate in this State worth at least double the amount loaned thereon , (d) in programs as approved by the State Investment Council which are managed by

the Division of Investment and in the New Jersey Cash Management Fund established

pursuant to section 1 of P.L.1977, c. 281 ( C.52:18A-90.4 ), or (e) in any combination thereof . For the purpose of making such investments, moneys remaining to the credit of different

persons or causes may be commingled. The moneys so deposited or invested, and the securities in which the same may be

invested, shall be from time to time accounted for, invested, transferred, reinvested,

or otherwise disposed of, as the chief justice shall deem reasonable and proper;

and the interest and income derived from such investments, after deducting expenses,

losses and reserves for the protection thereof, shall be apportioned to the several

parties entitled thereto at such rate as the chief justice shall from time to time

determine.