New Jersey § 40a:10-10
Full text of New Jersey New Jersey Statutes § 40a:10-10, with citation guidance and answers to common questions.
§ 40a:10-10.
The commissioners shall have the following powers and authority: a. Employ necessary clerical assistants, whose compensation shall be fixed and paid
by the governing body of the local unit in the same manner as is that of other employees
of the local unit; b. Invest the fund and all additions and accretions thereto in such securities as
they shall deem best suited for the purposes of this article; c. Adopt rules and regulations for the control and investment of the fund; d. Keep on hand at all times sufficient money, or have the same invested in such securities
as can be immediately sold for cash, for the payment of losses to any buildings or
property of the local unit or of a county college which participates in the fund pursuant
to P.L. 1988, c. 144 ( C. 18A:64A-25.40 et al.) or of a county vocational school which participates in the fund pursuant
to P.L. 1988, c. 143 ( C. 18A:18B-8 et al.), or liability resulting from the operation of publicly owned motor vehicles,
equipment or apparatus; e. Fix reasonable rates of premium for all insurance carried by the insurance fund,
and shall effect all insurance in the insurance fund or with any insurance company
or companies authorized to do business in this State; f. Premiums for insurance, whether carried in the insurance fund or placed with insurance
companies, shall be paid to the commissioners by the board, commission, department,
committee or officer having charge or control of the property insured; g. All insurance upon property owned or controlled by a local unit or any of its departments,
boards, agencies or commissions, or by a board of education of a participating county
vocational school or by a board of trustees of a participating county college shall
be placed and effected by the commissioners; h. If provided by the rules and regulations of the commission, the secretary to the
insurance fund commission shall be entrusted with the daily operation of the insurance
fund and shall submit a report to the commissioners at least once a month.
Frequently Asked Questions About New Jersey § 40a:10-10
What does New Jersey Statutes § 40a:10-10 cover?
Section 40a:10-10 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 § 40a:10-10?
A common citation format is "New Jersey Statutes § 40a:10-10" (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 § 40a:10-10 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.