New Jersey Statutes Title 52. State Government, Departments and Officers 52 § 32-60.2

A State agency, local contracting unit, board of education, State college, or county college shall not bank with, have or hold stock, debt, or other equity investments of, or maintain insurance coverage through a policy issued by a financial institution that is included in the Department of the Treasury's list created pursuant to subsection b. of section 1 of P.L.2022, c. 3 (C.52:32-60.1) for engaging in prohibited activities in Russia or Belarus.