New Jersey § 55:17-4 Establishment and maintenance of financial records and data

New Jersey Statutes

§ 55:17-4 — Establishment and maintenance of financial records and data

New Jersey § 55:17-4

Title 55TENEMENT HOUSES AND PUBLIC HOUSING

This text of New Jersey § 55:17-4 (Establishment and maintenance of financial records and data) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 55:17-4 (2026).

Text

The financial records and data in respect to the administration of the project after default or foreclosure shall be so established and maintained as to permit the application of the terms of the lease or financial arrangement in respect to the calculation of payments to be made to a governmental body or agency, as well as of limitations upon profits, earnings, dividends and the like, separately and apart from the business operations of the holder of the mortgage loans arising from other transactions than the project itself. L.1967, c. 304, s. 4, eff. Feb. 15, 1968.

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The financial records and data in respect to the administration of the project after default or foreclosure shall be so established and maintained as to permit the application of the terms of the lease or financial arrangement in respect to the calculation of payments to be made to a governmental body or agency, as well as of limitations upon profits, earnings, dividends and the like, separately and apart from the business operations of the holder of the mortgage loans arising from other transactions than the project itself. L.1967, c. 304, s. 4, eff. Feb. 15, 1968.