ASSEMBLY INSURANCE COMMITTEE

 

STATEMENT TO

 

ASSEMBLY, No. 683

 

with committee amendments

 

STATE OF NEW JERSEY

 

DATED: JANUARY 29, 1996

 

      The Assembly Insurance Committee reports favorably and with committee amendments Assembly Bill No. 683.

            This bill, as amended, permits county or municipal joint insurance funds established pursuant to section 1 of P.L.1983, c.372 (C.40A:10-36), to insure counties and municipalities against loss or theft of monies or securities and to provide blanket bond coverage of county and municipal officers and employees for the faithful performance and discharge of their duties, as provided under section 1 of P.L.1967, c.283 (C.40A:5-34.1).