34:15-110. Fund kept separate ; investment; treasurer may sell securities.
The stock fund created by this act shall be separate and apart from any other fund so created and from all other state moneys. The state treasurer shall be the custodian of such fund; and all disbursements from the fund shall be made by the state treasurer upon vouchers signed by the commissioner of banking and insurance as hereinafter provided. The moneys of the fund may be invested by the state treasurer only in the bonds or securities which are the direct obligations or which are guaranteed as to principal and interest by the United States or of this state. The state treasurer may sell any of the securities in which the fund is invested, if advisable for its proper administration or in the best interests of such fund, and all earnings from the investments of such fund shall be credited to such fund.