N.J. Admin. Code § 17:16-68.4

Current through Register Vol. 56, No. 24, December 18, 2024

Section 17:16-68.4 - Valuation of investments

(a) Upon each valuation date, as provided in (b) below, there shall be a valuation for every investment in the NJBEST Fund in the method provided for in this section.

(b) The valuation shall be determined at the opening of business on each business day, and shall be based on the assets as of the close of the previous business day.

(c) The valuation of investments shall be made in accordance with applicable accounting standards, using recognized industry pricing sources.

(d) In the event of errors or omissions in the valuation of investments, the custodian bank shall correct such errors or omissions as is set forth in the custody agreement.

N.J. Admin. Code § 17:16-68.4

Recodified from N.J.A.C. 17:16-68.6 and amended by R.2006 d.317, effective 9/5/2006.
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Section was "Date of valuation". Rewrote the section. Former N.J.A.C. 17:16-68.4, Permissible investments, recodified to N.J.A.C. 17:16-68.2.
Amended by R.2014 d.038, effective 3/3/2014.
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
Rewrote (b) through (d).