43:15A-33.1 - Investment in New Jersey realty; erection of buildings and structures; lease or sale to state - New Jersey Statutes

43:15A-33.1.  Investment in New Jersey realty;  erection of buildings and structures;  lease or sale to state
    The Director of the Division of Investment in the Department of the Treasury, in addition to other investments authorized by law, shall have authority, subject to the approval and acceptance by the board of trustees of the Public Employees' Retirement System, to invest in and acquire real property  in the State of New Jersey on behalf of and in the name of the Public  Employees' Retirement System, and to erect buildings and structures and make  other improvements thereon, and to rent, lease, sell and dispose of the same,  said lands, buildings, structures and improvements to be initially rented to  the State of New Jersey for its use in accordance with the provisions of this  act.

     L.1960, c. 44, p. 178, s. 1.