N.J. Stat. § 40A:10-40.1
Notwithstanding the provisions of any other law to the contrary, and in addition to the powers otherwise conferred by law, the commissioners of a joint insurance fund established pursuant to P.L. 1983, c.372 (C.40A:10-36 et seq.), and the trustees of a joint insurance fund established pursuant to P.L. 1983, c.108 (C.18A:18B-1 et seq.) may amend the plan of risk management of their respective funds to participate in a joint cash management and investment program with other joint insurance funds similarly established pursuant to P.L. 1983, c.372 (C.40A:10-36 et seq.), and P.L. 1983, c.108 (C.18A:18B-1 et seq.). The joint insurance funds participating in this program shall jointly file a cash management plan for prior approval by the Commissioner of Banking and Insurance and the Commissioner of Community Affairs and shall comply with all provisions of P.L. 1983, c.372 (C.40A:10-36 et seq.) and P.L. 1983, c.108 (C.18A:18B-1 et seq.), as appropriate.
N.J.S. § 40A:10-40.1