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New Jersey Statutes, Title: 52, STATE GOVERNMENT, DEPARTMENTS AND OFFICERS

    Chapter 18a: "Department" defined

      Section: 52:18a-89.8: Investments in Israeli obligations

           1. Notwithstanding the provisions of section 11 of P.L.1950, c.270 (C.52:18A-89) or any other law, rule or regulation to the contrary, the Director of the Division of Investment in the Department of the Treasury shall have the authority to invest and reinvest the assets of any pension or annuity fund under the jurisdiction of the division in securities at fair market value issued and unconditionally guaranteed as to interest and principal by the State of Israel.

L.1995,c.175,s.1.



This section added to the Rutgers Database: 2012-09-26 13:37:55.






Older versions of 52:18a-89.8 (if available):



Court decisions that cite this statute: CLICK HERE.