New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 38 - JOINT INSURANCE FUNDS
Subchapter 1 - INVESTMENTS
Section 5:38-1.3 - Cash management plans and joint cash management plans; reporting

Universal Citation: NJ Admin Code 5:38-1.3

Current through Register Vol. 56, No. 18, September 16, 2024

(a) The status of a JIF or JCMI program's investments shall be reported at each meeting of a joint insurance fund, or in the case of a joint cash management and investment program, any entity that administers the same. The report shall be spread upon the minutes or attached to the minutes, and include, at a minimum:

1. All investments made or redeemed over the past month;

2. Each organization holding JIF or JCMI program funds;

3. The amount of securities purchased or sold, class or type of securities purchased, book value, earned income, fees incurred, and market value of all investments to date;

4. The duration of all investments, and the percentage of long-term investments, in the JIF or JCMI program investment portfolio; and

5. Such other information as may be required by the governing body.

Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.