32:23-197 - Deposit of funds; security for deposits; withdrawal - New Jersey Statutes

32:23-197.  Deposit of funds;  security for deposits;  withdrawal
    All funds of the commission shall be deposited with such responsible banks or trust companies as may be designated by the commission.  The commission may require that all such deposits be secured by obligations of the United States or of the States of New York or New Jersey of a market value equal at all times  to the amount of the deposits, and all banks and trust companies are authorized  to give such security for such deposits. The moneys so deposited shall be  withdrawn only by check signed by 2 members of the commission or by such other  officers or employees of the commission as it may from time to time designate.

     L.1970, c. 58, s. 4.