SENATE COMMERCE COMMITTEE

STATEMENT TO

SENATE, No. 274

with committee amendments

STATE OF NEW JERSEY

DATED: JANUARY 18, 1996

      The Senate Commerce Committee reports favorably and with committee amendments Senate, No. 274.

      This bill, as amended, allows county and municipal joint insurance funds established pursuant to P.L.1983, c.372 (C.40A:10-36 et seq.) to insure counties and municipalities against loss or theft of monies or securities and to provide blanket bond coverages of county and municipal officers and employees for faithful performance and discharge of their duties.