Every employer, public or private, is hereby authorized to accept requests from any employee to make payroll deductions to be applied by the employer from time to time, as sufficient deductions have accrued, to the purchase of bonds authorized to be issued hereunder for the account of such employee.
N.J. Stat. Ann. § 18A:24-81
Payroll deductions for purchase of bonds
Known as the The School Qualified Bond Act
The act spans §§ 18A:24-1 to 18A:24-97 (116 sections).
L.1971, c. 36, s. 16, eff
Current official text: New Jersey Legislature. Digitized from the New Jersey Legislature bulk statutes download. Reproduced from public-domain New Jersey statutes; confirm against the official source for the current text. Not legal advice.