18A:72B-19. Maintenance of funds; audit of records
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/nj/title-18a/chapter-72b/18a-72b-19·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
5. Funds received by an institution pursuant to this act shall be maintained in a separate ledger account. Each institution shall cause an audit of such account and of enrollment figures to be made annually by a certified public accountant and forwarded to the treasurer. The treasurer shall have the right to audit institutional records pertaining to this act. Each institution also shall furnish to the treasurer a copy of its audited annual financial statement.
L.1979,c.132,s.5; amended 1994,c.48,s.244; 1999,c.46,s.51.