55:14K-16 - Boarding house rental assistance fund annual report - New Jersey Statutes

55:14K-16.  Boarding house rental assistance fund annual report
    On or before December 1 of each year, the Commissioner of the Department of  Community Affairs shall submit to the Governor and the State Treasurer a Boarding House Rental Assistance Fund Annual Report which shall include the following:  (i) a summary of the activities and transactions of the Boarding House Rental Assistance Fund during the preceding fiscal year;  (ii) an estimate of the amount of rental charges which will be made during the ensuing 12 months by the residents of boarding houses on account of the debt service (including fees and charges payable to the agency) on life safety improvement loans made by the agency to finance the construction, acquisition or rendering of life safety improvements at or to the boarding houses, together with a brief  description of each of the boarding house's life safety improvement loans and  life safety improvements and a summary of various characteristics of the  residents of the boarding houses, including their ages, disabilities, if any,  and income levels; (iii) a statement as to the maximum amount of debt service  payable in any one year on all outstanding obligations of the agency issued  with respect to life safety improvement loans;  and (iv) an estimate of, and  request for, the amount of money in addition to the then current balance of the  Boarding House Rental Assistance Fund which will be needed in the ensuing  fiscal year to meet the disbursements from the fund which the commissioner  anticipates will be made in furtherance of the purposes of the fund and in  satisfaction of the commissioner's obligations under rental assistance  agreements.

     L.1983, c. 530, s. 16, eff. Jan. 17, 1984.