N.J. Admin. Code § 19:34-1.4

Current through Register Vol. 56, No. 21, November 4, 2024

Section 19:34-1.4 - Access and record retention

(a) The Authority shall make available records and accounts pertaining to preconstruction activities undertaken by the Authority to the State Comptroller and the State Auditor in their investigations, examinations and inspections of the activities related to the financing and undertaking of preconstruction activities. The Authority shall also cooperate, upon request, in sharing information with other entities.

(b) The school district shall keep those records and accounts for the preconstruction activities as necessary in order to evidence compliance with the Act and all applicable regulations and requirements. Such records shall be retained for 10 years following substantial completion of the school facilities project and any additional period required for the resolution of litigation, claims or audit findings.

(c) The Authority shall keep those records and accounts and shall require all parties with whom it has contracted to keep those records and accounts for the preconstruction activities as necessary in order to evidence compliance with the Act and all applicable regulations and requirements. Such records shall be retained for 10 years following substantial completion of the school facilities project and any additional period required for the resolution of litigation, claims or audit findings.

N.J. Admin. Code § 19:34-1.4

Amended by R.2009 d.14, effective 1/5/2009.
See: 40 N.J.R. 4735(a), 41 N.J.R. 295(a).
Deleted former (a); recodified former (b) through (d) as (a) through (c); rewrote (a); in (b), deleted "and shall require all contracted parties to keep those records and accounts" following "accounts", substituted "preconstruction" for "pre-development" and inserted "substantial"; and in (c), substituted "Authority" for "Corporation" and "preconstruction" for "pre-development" and inserted "substantial".