N.J. Admin. Code § 3:35-1.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 3:35-1.5 - Filing of annual report

(a) Within 60 days of receipt of the audited financial statement referred to in (a)2 below, each qualified institution shall file an annual report on a form approved by the Commissioner containing the following:

1. The name of the educational institution and the address of the principal office of the educational institution located in this State;

2. An audited financial statement with an unqualified opinion as of the end of its most recent fiscal year prepared by a certified public accountant or a public accountant disclosing the institution's assets and liabilities and its unrestricted net assets;

3. Proof of liability insurance for directors and officers in an amount set forth in 3:35-1.3(c);

4. A statement whether any of the information contained in the initial application for registration has changed and the updated information; and

5. A filing fee of $ 100.00.

(b) The president or vice president of the institution shall certify that the information contained on the annual report was reviewed by the Board of Directors and is true to the best of his or her knowledge and belief.

N.J. Admin. Code § 3:35-1.5

Amended by R.2006 d.233, effective 6/19/2006.
See: 38 N.J.R. 5(a), 38 N.J.R. 2671(a).
Substituted "April 1" for "December 31" in (a).
Amended by R.2007 d.44, effective 2/5/2007.
See: 38 N.J.R. 4273(a), 39 N.J.R. 363(a).
In the introductory paragraph of (a), substituted "Within 60 days of receipt of the audited financial statement referred to in (a)2 below" for "On or before April 1 of each year".