New Jersey § 18A:72B-19 Maintenance of funds; audit of records

New Jersey Statutes

§ 18A:72B-19 — Maintenance of funds; audit of records

New Jersey § 18A:72B-19

Title 18AEDUCATION

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Bluebook

N.J. Stat. Ann. § 18A:72B-19 (2026).

Text

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.

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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.