N.J. Stat. § 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.