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New Jersey Statutes, Title: 18A, EDUCATION
Chapter 66: Defective record; order for new or supplemental certificate
Section: 18A:66-84: Limit on investment
Any investment authorized pursuant to this article shall not exceed 2 1/2 \% of the book value of the total investments of such fund at the time of the making of the investment or $11,500,000.00, whichever is the smaller amount.
L.1967, c.271.
This section added to the Rutgers Database: 2012-09-26 13:37:48.
Older versions of 18A:66-84 (if available):
Court decisions that cite this statute: CLICK HERE.