---
type: "Bill"
title: "Allows certain joint insurance funds to make certain investments and to form certain investment programs; authorizes school districts and local units of government to deposit public funds into multiple federally-insured accounts.*"
description: "Allows certain joint insurance funds to make certain investments and to form certain investment programs; authorizes school districts and local units of government to deposit public funds into multiple federally-insured accounts.*"
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "218"
identifier: "A 3122"
citation: "New Jersey A 3122 (218)"
classification: ["bill"]
subjects: ["BONDS", "INSURANCE"]
status: "enacted"
primary_sponsors: ["Burzichelli, John J.", "Mazzeo, Vincent", "Murphy, Carol A.", "Sweeney, Stephen M."]
version_count: 2
action_count: 14
vote_count: 5
first_action: "2018-02-08T05:00:00+00:00"
last_action: "2018-06-14T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/657982bf-87a5-47f0-bf53-46bbcd80f9dd"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "fa211f18bb7a1d560dc00ea074cffd08cf77b36dd0251ebca87647e9cfb96aab"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey A 3122 (218) — Allows certain joint insurance funds to make certain investments and to form certain investment programs; authorizes school districts and local units of government to deposit public funds into multiple federally-insured accounts.*

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2018/Bills/A3500/3122_I1.HTM)
2. **Reprint** (committee substitute) — [source](http://www.njleg.state.nj.us/2018/Bills/A3500/3122_R1.HTM)

## Votes

- CONCUR GOV REC — **73–0** (pass) · lower
- CONCUR GOV REC — **38–0** (pass) · upper
- Reported out of Assembly committee with amendments — **13–0** (pass) · lower
- 3RDG FINAL PASSAGE — **73–0** (pass) · lower
- 3RDG FINAL PASSAGE — **36–0** (pass) · upper

## Sponsors

- Burzichelli, John J. — primary (person)
- Mazzeo, Vincent — primary (person)
- Murphy, Carol A. — primary (person)
- Sweeney, Stephen M. — primary (person)
- Cardinale, Gerald — cosponsor (person)
- Holley, Jamel C. — cosponsor (person)
- Schaer, Gary S. — cosponsor (person)
- Space, Parker — cosponsor (person)
- Wirths, Harold J. — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2018-02-08T05:00:00+00:00** Introduced in the Assembly, Referred to Assembly Financial Institutions and Insurance Committee `introduction, referral-committee`
- **2018-03-05T05:00:00+00:00** Reported out of Assembly Committee with Amendments, 2nd Reading `committee-passage`
- **2018-03-26T04:00:00+00:00** Assembly Floor Amendment Passed (Vainieri Huttle) `amendment-passage`
- **2018-04-12T04:00:00+00:00** Passed Assembly (73-0-0) `passage`
- **2018-04-12T04:00:00+00:00** Received in the Senate without Reference, 2nd Reading
- **2018-04-12T04:00:00+00:00** Substituted for S871 (1R)
- **2018-04-12T04:00:00+00:00** Passed Senate (Passed Both Houses) (36-0) `passage`
- **2018-06-04T04:00:00+00:00** Conditional Veto, Received in the Assembly `executive-veto`
- **2018-06-04T04:00:00+00:00** First Reading/Governor Recommendations Only
- **2018-06-04T04:00:00+00:00** 2nd Reading in the Assembly on Concur. w/Gov's Recommendations
- **2018-06-07T04:00:00+00:00** Passed Assembly (73-0-0) `passage`
- **2018-06-07T04:00:00+00:00** Received in the Senate, 2nd Reading - Concur. w/Gov's Recommendations
- **2018-06-07T04:00:00+00:00** Passed Senate (Passed Both Houses) (38-0) `passage`
- **2018-06-14T04:00:00+00:00** Approved P.L.2018, c.40. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/657982bf-87a5-47f0-bf53-46bbcd80f9dd`. Confidence: reported (aggregated from official New Jersey legislature records).