N.J. Admin. Code § 5:30-14.19

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:30-14.19 - Eligible investments

(a) The funds awarded shall be invested in one or more of the following types of investments to the exclusion of all others:

1. Interest bearing accounts or securities, in which savings banks of New Jersey are authorized to invest their funds;

2. State of New Jersey Cash Management Fund;

3. Individual or group annuity contracts, whether fixed or variable;

4. Mutual fund shares; or

5. Life insurance contracts, whether fixed or variable.

N.J. Admin. Code § 5:30-14.19