SENATE STATE MANAGEMENT, INVESTMENT AND FINANCIAL INSTITUTIONS COMMITTEE

STATEMENT TO

[First Reprint]

ASSEMBLY, No. 2676

STATE OF NEW JERSEY

DATED: MAY 15, 1997

      The Senate State Management, Investment and Financial Institutions Committee reports favorably Assembly, No. 2676 (1R).

      At present, the Chief Justice may invest moneys held by the Superior Court in statutorily specified bonds and securities. This bill would also permit the Chief Justice to invest moneys in programs approved by the State Investment Council which are managed by the Division of Investment, in the New Jersey Cash Management Fund, or in any combination of the statutorily specified investment options.