New Jersey § 53:5a-31
Full text of New Jersey New Jersey Statutes § 53:5a-31, with citation guidance and answers to common questions.
§ 53:5a-31.
a. The board of trustees shall be and are hereby constituted trustees of all the various
funds established by this act except the group insurance premium fund; 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 established under this act, shall be exercised and performed by the
Director of the Division of Investment in accordance with the provisions of c. 270,
P.L.1950, as amended and supplemented. 1 b. The secretary of the board shall determine from time to time the cash requirements
of the various funds established by this act and the amount available for investment,
all of which shall be certified to the Director of the Division of Investment. c. (Deleted by amendment, P.L.2011, c. 78 ) . d. The Treasurer of the State of New Jersey shall be the custodian of the several
funds. All payments from said funds shall be made by him only upon vouchers signed by the
secretary and the chairman of the board of trustees. A duly attested copy of the resolution of the board of trustees designating the
chairman and bearing on its face specimen signatures of the chairman and the secretary
shall be filed with the treasurer as his authority for making payments upon such vouchers. e. The administration of the program shall be performed by the personnel of the Division
of Pensions and Benefits of the State Department of the Treasury and the costs of administration shall be borne
by the State. 1
N.J.S.A. § 52:18A-79 to § 52:18A-94.
Frequently Asked Questions About New Jersey § 53:5a-31
What does New Jersey Statutes § 53:5a-31 cover?
Section 53:5a-31 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 § 53:5a-31?
A common citation format is "New Jersey Statutes § 53:5a-31" (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 § 53:5a-31 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.