STATEMENT TO

[First Reprint]

ASSEMBLY, No. 940

with Assembly Floor Amendments

(Proposed By Assemblyman KRAMER)

ADOPTED: JUNE 17, 1996

      These amendments to Assembly, No. 940(1R) delete the 1837 Surplus Revenue Fund from, and add the Judicial Retirement System of New Jersey and all other funds in the custody of the State Treasurer to the list of funds for which the Director of the Division of Investment has the authority to invest and reinvest the moneys in, and to acquire for or on behalf of, such investments which are authorized or approved for investment by regulation of the State Investment Council.

      As amended, this bill is identical to Senate, No. 1092(1R).