N.J. Admin. Code § 6A:23A-14.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 6A:23A-14.4 - Reserve accounts recorded in accordance with GAAP; audit

All reserve accounts shall be recorded in accordance with GAAP and subject to annual audit. Any capital gains or interest earned shall become part of the reserve account. A separate bank account is not required; however, a separate identity for each reserve account shall be maintained.

N.J. Admin. Code § 6A:23A-14.4

Amended by 49 N.J.R. 1038(a), effective 5/1/2017

Recodified from 6A:23A-14.5 56 N.J.R. 2141(a), effective 11/4/2024