N.J. Admin. Code § 17:4A-5.1
Current through Register Vol. 56, No. 23, December 2, 2024
Subject to the limitations in this subchapter, the Board may invest and reinvest PFRSNJ-managed fund assets in United States Treasury obligations and government agency obligations; and Treasury receipts, certificates of accrual, collateralized mortgage obligations, or similar securities that evidence ownership of interest and/or principal of United States Treasury obligations and government agency obligations, provided that the Chief Investment Officer or the Investment Committee certifies that the security being considered for purchase is qualitatively substantially identical to the United States Treasury obligations and government agency obligations that secure or otherwise support it.
N.J. Admin. Code § 17:4A-5.1