New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 18A-8.2

Such agreements may provide, at the discretion of the State Treasurer, that such fiscal agent or custodian may perform any or all of the following services:  make or accept delivery of securities;  exchange securities, collect interest or dividends thereon and principal thereof;  surrender securities for exchange, redemption or payment;  hold securities, cash or other assets of the State or of any such pension agency, system or fund, as aforementioned, in safekeeping;  deposit in such account or accounts as the State Treasurer shall designate, the proceeds of the sale, exchange, redemption or payment of securities and of interest or dividends thereon, and such other related services as the State Treasurer may determine.