Limit on investment

N.J.S.A. 18A:66-84, under Chapter 66.

N.J.S.A. 18A:66-84

18A:66-84. Limit on investment

Any investment authorized pursuant to this article shall not exceed 2 1/2 % of the book value of the total investments of such fund at the time of the making of the investment or $11,500,000.00, whichever is the smaller amount. L.1967, c.271.