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April 21, 2017
Local Government Investment Pools
NJAC is urging the Legislature to pass Assembly, No. 4404/Senate, No.2978 (Greenwald D-6)(Beach D-6), which would permit local units and school districts to invest in local government investment pools managed in accordance with applicable Governmental Accounting Standards Board (GASB) guidelines. GASB is an independent private-sector organization that establishes accounting and financial reporting standards for national, state, and local governments that follow Generally Accepted Accounting Principles (GAAP).
In 2014, the Securities an...
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