N.J. Admin. Code § 3:34-1.12

Current through Register Vol. 56, No. 21, November 4, 2024

Section 3:34-1.12 - Agreement or resolution; public depository and custodial depository

Each public depository shall be required to have a written agreement with a custodial depository. Said agreement shall indicate that the collateral pledged is to be held subject to the order of the Commissioner or his or her authorized deputy and is held as security for public funds as required under the Act.

N.J. Admin. Code § 3:34-1.12