N.J. Admin. Code § 5:38-1.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:38-1.3 - Cash management plans and joint cash management plans; reporting

(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.

N.J. Admin. Code § 5:38-1.3

Adopted by 51 N.J.R. 95(a), effective 12/10/2018