40:37-11.4 - Capital improvement fund; investment of moneys - New Jersey Statutes

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.