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New Jersey Statutes, Title: 40, MUNICIPALITIES AND COUNTIES
Chapter 37: Shade tree commission; freeholders' powers
Section: 40:37-11.4: Capital improvement fund; investment of moneys
Whenever proceeds from the sale of lands, or moneys otherwise received, are required by law to be set aside by a county park commission as a capital improvement fund, the commission may, in its discretion, invest and keep invested the moneys of such funds, so far as the same can be done in securities authorized by law for the investment of trust funds.
L.1973, c. 29, s. 2, eff. Feb. 16, 1973.
This section added to the Rutgers Database: 2012-09-26 13:37:51.
Older versions of 40:37-11.4 (if available):
Court decisions that cite this statute:
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