N.J.S.A. 52:18A-114 — Investment of assets of variable and fixed divisions

52:18A-114. Investment of assets of variable and fixed divisions The assets of the Variable Division and the Fixed Division may be invested through the same agency as other State funds are invested; provided, however, that the council is hereby authorized to use other funding media, including group annuity contracts containing such provisions as the council determines to comply substantially with the applicable statutory requirements, which are made available by life insurance companies authorized to issue such contracts in this State and having assets in excess of $1,000,000,000.00. L.1963, c. 123, s. 8.

This is the verbatim text of N.J.S.A. 52:18A-114, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.