7. The provisions of this act shall become operative on December 1, 1970, but the commissioner may issue appropriate regulations in advance thereof. The provisions of P.L.2009, c.326 (C. 17:9-43.1 et al.), amending and supplementing the “Governmental Unit Deposit Protection Act,” P.L.1970, c.236 (C. 17:9-41 et seq.), shall become operative on July 1, 2010, but the commissioner may issue appropriate regulations in advance thereof.

L.1970, c.236, s.7; amended 2009, c.326, s.6.