New Jersey Acts Saved from Repeal ACTS SAVED 32 § 6-4(1)

1. The state treasurer, acting on behalf of the state of New Jersey, shall forthwith deliver to the teachers' pension and annuity fund a sufficient number of bonds of the Delaware River Joint Commission at par value as will liquidate the amount borrowed from said teachers' pension and annuity fund under the provisions of chapter two hundred twelve of the Laws of one thousand nine hundred thirty-two, with interest as provided for in said statute, and the amount certified by the teachers' pension and annuity fund to the comptroller of the treasury of this state, as the annual appropriation payable July first, one thousand nine hundred and thirty-three, in accordance with the provisions of section two hundred fifty-three, of chapter eighty, P.L. one thousand nine hundred and nineteen, as amended by chapter one hundred sixty-seven, P.L. one thousand nine hundred and twenty-five, with interest (at four per cent per annum) from July first, one thousand nine hundred thirty-three; and shall thereafter deliver to the highway extension sinking fund a sufficient number of said bonds to meet in whole or in part the requirements of the said highway extension sinking fund, and the balance of said bonds, if any, shall be delivered to the treasurer of the state of New Jersey to await the disposition of the legislature. The bonds so delivered to the teachers' pension and annuity fund are hereby made legal investments for said fund. All acts or parts of acts inconsistent herewith are hereby repealed to the extent of such inconsistencies.