New Jersey Statutes Title 40A. Municipalities and Counties 40A § 10-40.1

Notwithstanding the provisions of any other law to the contrary, and in addition to the powers otherwise conferred by law, the commissioners of a joint insurance fund established pursuant to P.L.1983, c. 372 (C.40A:10-36 et seq.), and the trustees of a joint insurance fund established pursuant to P.L.1983, c. 108 (C.18A:18B-1 et seq.) may amend the plan of risk management of their respective funds to participate in a joint cash management and investment program with other joint insurance funds similarly established pursuant to P.L.1983, c. 372 (C.40A:10-36 et seq.), and P.L.1983, c. 108 (C.18A:18B-1 et seq.). The joint insurance funds participating in this program shall jointly file a cash management plan for prior approval by the Commissioner of Banking and Insurance and the Commissioner of Community Affairs and shall comply with all provisions of P.L.1983, c. 372 (C.40A:10-36 et seq.) and P.L.1983, c. 108 (C.18A:18B-1 et seq.), as appropriate.