Statutes, codes, and regulations
New Jersey Statutes
Title 48 - PUBLIC UTILITIES
Chapter 48:3 - UNJUST OR UNREASONABLE DISCRIMINATIONS OR CLASSIFICATIONS OF RATES; "BOARD" DEFINED
Section 48:3-7.3 - Investment of depreciation fund in certain securities; approval of board

N.J. Stat. § 48:3-7.3

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Current through L. 2024, c. 87.
Section 48:3-7.3 - Investment of depreciation fund in certain securities; approval of board

No public utility shall, without the approval in writing of the board first had and obtained, invest any part of its depreciation fund in obligations or securities of any kind, except obligations and securities that are legal investments for savings banks under the laws of this state, and except obligations and securities of the underlying or subsidiary public utility corporations of this state, of such public utility.

N.J.S. § 48:3-7.3