N.J. Admin. Code § 17:16-61.9 - Limitations
All investments held by the fund shall mature or are to be redeemed within one year, except that up to 25 percent of the fund may be invested in eligible securities which mature within 25 months; provided, however, that the average maturity of all investments held by the fund shall not exceed one year.
Notes
See: 38 N.J.R. 2039(a), 38 N.J.R. 3632(a).
Former N.J.A.C. 17:16-61.9, Calculation of daily income per participating unit, recodified to N.J.A.C. 17:16-61.5.
Amended by R.2014 d.038, effective
See: 45 N.J.R. 1477(a), 46 N.J.R. 442(a).
Substituted "held by" for "in" twice.
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