N.J. Admin. Code § 7:1A-2.16

Current through Register Vol. 56, No. 24, December 18, 2024
Section 7:1A-2.16 - Fraud and other unlawful or corrupt practices
(a) The borrower shall administer loans, award contracts and subcontracts pursuant to the loans free from bribery, graft, and other corrupt practices. The borrower bears the primary responsibility for the prevention, detection and cooperation in the prosecution of any such conduct.
(b) The borrower shall pursue available judicial and administrative remedies, and take appropriate remedial action with respect to any allegations or evidence of such illegality or corrupt practices. The borrower shall notify the Administrator immediately after such allegation or evidence comes to its attention, and shall periodically advise the Administrator of the status and ultimate disposition of any matter.

N.J. Admin. Code § 7:1A-2.16

As amended, R.1984 d.232, effective 6/18/1984.
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
"Fraud and other ... practices" was formerly N.J.A.C. 7:1A-2.17.