New Jersey Revised Statutes § 13:1b-15.116 - Trust Restrictions.

13:1B-15.116 Trust restrictions.

9.The trust may not acquire, hold, receive or accept any moneys or other property, real or personal, tangible or intangible, which will result in the incurrence of any financial obligations on the part of the State of New Jersey which cannot be supported entirely from funds available in the trust without the express approval of the Commissioner of Community Affairs and the Legislature.

L.1967, c.124, s.9; amended 1995, c.217, s.5; 1999, c.152, s.48; 2009, c.288, s.2.

Section: Previous  13-1b-15.115  13-1b-15.115a  13-1b-15.115b  13-1b-15.115c  13-1b-15.115d  13-1b-15.115e  13-1b-15.115f  13-1b-15.116  13-1b-15.117  13-1b-15.118  13-1b-15.119  13-1b-15.120  13-1b-15.121  13-1b-15.122  13-1b-15.123  Next

Last modified: October 11, 2016