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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS
Chapter 18a: "Department" defined
Section: 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 section added to the Rutgers Database: 2012-09-26 13:37:55.
Older versions of 52:18a-114 (if available):
Court decisions that cite this statute:
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