New Jersey § 12:11a-22

§ 12:11a-22.

a. On or before April 30 in each year the corporation shall make an annual report

of its activities for the preceding calendar year to the Governor and to the Legislature. Each such report shall set forth a complete operating and financial statement covering

its operations during the year. The corporation shall cause an audit of its books and accounts to be made at least

once in each year by certified public accountants and the cost thereof may be treated

as a part of the cost of construction or of operation of the terminal or terminals. b. The corporation shall annually submit to the Governor and the Legislature a list

of all full- and part-time employees of the corporation and the salaries, wages, compensation

or any funds of the corporation whatsoever received by said employees during the preceding

year. For the purpose of this section “full- and part-time employees of the corporation”

shall mean and include, but not be limited to: salaried employees, hourly employees,

professional employees, attorneys, advisors, consultants and any other person, firm,

business, partnership, corporation or other organization which received any remuneration

for any service whatsoever rendered to the corporation. c. All books of minutes, entry or account, and the books, bills, vouchers, checks,

contracts or other papers connected with or used or filed in the office of the corporation,

or with any officer acting for or in its behalf, are hereby declared to be public

records, and shall be open to public inspection at all times, subject to reasonable

regulations to be prescribed by said corporation. d. Notwithstanding the provisions of any general or special statutes, the State Auditor

and his legally authorized representatives shall annually examine the accounts and

books of the corporation, including: (1) its operations and accomplishments; (2)

its receipts and disbursements, or revenues and expenses, during such fiscal year

in accordance with the categories and classifications established by the corporation

for its own operating and capital outlay purposes; (3) its assets and liabilities

at the end of the fiscal year including the status of reserve, depreciation, special

or other funds and including the receipts and payment of these funds; (4) its bonds

and notes outstanding at the end of its fiscal year, together with a statement of

the amounts redeemed and incurred during such fiscal year; and such other items referring

to their financial standing as such auditing official may deem proper. e. Any member, agent or employee of the corporation who is interested, either directly

or indirectly, in any contract of another with the corporation or in the sale of any

property, either real or personal, to the corporation shall be guilty of a misdemeanor

and punished by a fine of not more than $1,000.00 or by imprisonment for not more

than 1 year, or both.