{"data":{"id":"us-nj/n.j.-stat.-34-1b-16","jurisdiction":"us-nj","citation":"N.J. Stat. § 34:1B-16","heading":"Legal investments","body":"Notwithstanding any restriction contained in any other law, the State and all political subdivisions of this State, their officers, boards, commissioners, departments or other agencies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment business, all insurance companies, insurance associations and other persons carrying on an insurance business, and all executors, administrators, guardians, trustees and other fiduciaries, and all other persons whatsoever who now are or may hereafter be authorized to invest in bonds or other obligations of the State, may properly and legally invest any  sinking funds, moneys or other funds, including capital, belonging to them or  within their control in any bonds or notes issued by the authority under the  provisions of this act;  and said bonds and notes are hereby made securities  which may properly and legally be deposited with and received by any State or  municipal officers or agency of the State for any purpose for which the deposit  of bonds or other obligations of the State is now or may hereafter be  authorized by law.\nL.1974, c. 80, s. 16, eff. Aug. 7, 1974.","path":["TITLE 34 LABOR AND WORKMEN'S COMPENSATION"],"source_url":"https://pub.njleg.state.nj.us/statutes/STATUTES-TEXT.zip","current_through":"P.L.2025, c.405, and J.R.22","vintage":"","retrieved_at":"2026-08-27T17:54:13Z","sha256":"1dbb5851e86ef9cf0a359323d8179894942756533ad14349e434898c44a794cc","source_id":"us-nj","stale":true,"prev":"us-nj/n.j.-stat.-34-1b-15.2","next":"us-nj/n.j.-stat.-34-1b-17"},"notice":"GroundRules: Original legal text. Not legal advice."}