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NEW JERSEY STATUTES AND CODES
40:37-11.3 - Gifts or trust funds for park purposes; investment
40:37-11.3. Gifts or trust funds for park purposes; investment
Whenever any county park commission receives any gift of funds for park purposes, or is the recipient of any trust funds for such purposes, 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. 1, eff. Feb. 16, 1973.
Whenever any county park commission receives any gift of funds for park purposes, or is the recipient of any trust funds for such purposes, 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. 1, eff. Feb. 16, 1973.
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