New Jersey Statutes
§ 18A:72B-19 — Maintenance of funds; audit of records
New Jersey·Title 18A EDUCATION
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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Nearby Sections
15
§ 18A:72B-15
Short title§ 18A:72B-16
Legislative findings and determinations§ 18A:72B-17
Definitions§ 18A:72B-19
Maintenance of funds; audit of records§ 18A:72B-20
Suspension and recovery of funds§ 18A:72B-22
Rules and policies§ 18A:72B-23
Severability§ 18A:72B-24
Reduction of distributions if funds insufficient§ 18A:72B-25
"School" defined§ 18A:72B-26
Contract for acceptance of New Jersey residents§ 18A:72B-27
Eligibility§ 18A:72B-28
Review of admissions procedures, records§ 18A:72B-30
$11,000 per year per student