N.J.S.A. 52:18A-89.15 — Department of the Treasury use of qualified minority and women-owned financial institutions

52:18A-89.15. Department of the Treasury use of qualified minority and women-owned financial institutions 1. a. The Director of the Division of Investment in the Department of the Treasury shall, subject to and consistent with the director's fiduciary duties and the standard for prudent investment set forth in section 11 of P.L.1950, c.270 (C.52:18A-89), attempt to use to the greatest extent feasible qualified minority and women-owned financial institutions to provide brokerage and investment management services. b. As used in this section: "Qualified minority and women-owned financial institution" means a financial institution qualified to engage in State investment transactions that has a valid certification as a "minority business" or a "women's business" pursuant to P.L.1986, c.195 (C.52:27H-21.17 et seq.). L.2019, c.2, s.1.

This is the verbatim text of N.J.S.A. 52:18A-89.15, 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.