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
    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.