N.J. Admin. Code § 8:31A-3.2

Current through Register Vol. 56, No. 21, November 4, 2024

Section 8:31A-3.2 - Audit of annual report

(a) The Department may audit selected covered facility annual reports to determine their accuracy.

(b) A staff member of each covered facility receiving an audit shall review the results of the audit with the auditor on-site and shall sign the audit where indicated to document receipt of the audit results.

(c) If the Department determines, upon audit pursuant to this section, that a covered facility understated its gross receipts in its annual report by more than a de minimis amount, the Department shall increase retroactively the covered facility's assessment for the fiscal year that was based on the defective report to the appropriate amount and the facility shall be liable for a penalty in the amount set forth at N.J.A.C. 8:31A-4.1(c).

N.J. Admin. Code § 8:31A-3.2

Amended by 54 N.J.R. 1299(a), effective 7/5/2022