Local Finance Notice 2010-5 outlines recent amendments to the Government Unit Deposit Protection Act made at the end of the last legislative session. All local finance personnel should be aware of it. No action is required at this time, and additional information will be forthcoming from the Department of Banking and Insurance. You can find this notice at http://www.state.nj.us/dca/lgs/.
Very truly yours,
William G. Dressel, Jr.
New Jersey State League of Municipalities • 222 West State Street • Trenton, NJ 08608 • (609) 695-3481 •FAX: (609) 695-0151