New Jersey § 43:23-21
Full text of New Jersey New Jersey Statutes § 43:23-21, with citation guidance and answers to common questions.
§ 43:23-21.
The board shall annually prepare and adopt a written statement of investment policy
that includes a risk management and oversight program. This investment policy shall prohibit the board, program, and fund from borrowing
for investment purposes. The risk management and oversight program shall be designed to ensure that an effective
risk management system is in place to monitor the risk levels of the program and fund
portfolio, to ensure that the risks taken are prudent and properly managed, to provide
an integrated process for overall risk management, and to assess investment returns
as well as risk to determine if the risks taken are adequately compensated compared
to applicable performance benchmarks and standards. The board shall consider the statement of investment policy and any changes in the
investment policy at a public hearing.
Frequently Asked Questions About New Jersey § 43:23-21
What does New Jersey Statutes § 43:23-21 cover?
Section 43:23-21 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 § 43:23-21?
A common citation format is "New Jersey Statutes § 43:23-21" (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 § 43:23-21 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.