N.J. Admin. Code § 17:16-82.2

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

Section 17:16-82.2 - Permissible investments

(a) Subject to the limitations contained in this subchapter, the Director may invest and reinvest the moneys of any eligible fund in futures contracts provided that the futures contracts trade on a securities exchange or the over-the-counter market.

(b) The Director may deliver securities to satisfy contractual obligations pursuant to the Division's purchase and sale of a futures contract.

(c) Notwithstanding the restrictions in this subchapter, the Council may approve the purchase of futures contracts on a case-by-case basis.

N.J. Admin. Code § 17:16-82.2