Requires funds received by NJ from lawsuits in which AG participated be held in escrow by certain financial institutions.

This bill requires New Jersey to deposit at least 50% of funds recovered by the state from lawsuits involving the Attorney General into specific financial institutions. These institutions must be licensed in New Jersey, hold at least $1 billion in total deposits, and maintain a significant portion of their assets within the state. The Department of Banking and Insurance will create a list of approved banks, and those already authorized to hold attorney trust accounts will be automatically considered eligible.