New Jersey § 52:27d-487
Full text of New Jersey New Jersey Statutes § 52:27d-487, with citation guidance and answers to common questions.
§ 52:27d-487.
The district agent may establish such reserves, funds or account as may be, in its
discretion, necessary or desirable to further the accomplishment of the purposes of
the district agent or to comply with the provisions of any agreement made by or any
resolution of the district agent. The State and all public officers, governmental units and agencies thereof, all banks,
trust companies, savings banks and institutions, building and loan associations, savings
and loan associations, investment companies, and other persons carrying on a banking
business, all insurance companies, insurance associations and other persons carrying
on an insurance business, and all executors, administrators, guardians, trustees and
other fiduciaries may legally invest any sinking funds, moneys or other funds belonging
to them or within their control in any bonds or notes issued pursuant to the “Revenue
Allocation District Financing Act,” P.L.2001, c. 310 ( C.52:27D-459 et seq. ), and such bonds or notes shall be authorized security for any and all public deposits.
Frequently Asked Questions About New Jersey § 52:27d-487
What does New Jersey Statutes § 52:27d-487 cover?
Section 52:27d-487 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 § 52:27d-487?
A common citation format is "New Jersey Statutes § 52:27d-487" (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 § 52:27d-487 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.