New Jersey § 34:1b-131

§ 34:1b-131.

a. No later than March 1 of each year, for the preceding grant year, every business which is awarded a grant

under this act shall submit to the authority a copy of its applicable New Jersey tax

return within 30 days of filing showing business income and withholdings as a condition of its continuation in the

grant program, together with an annual payroll report showing (1) the eligible positions

which were created during the base years and (2) the new eligible positions created during each

subsequent year of the grant. Should any business which is awarded a grant under this act fail to submit to the

authority a copy of its annual payroll report or submit its annual payroll report

without the information required by (1) and (2) above, any grant payment to be received

by any such business shall be forfeited for the applicable reporting year unless the

Executive Director of the authority determines that there are extenuating circumstances

excusing the timely filing required herein. b. The division may require by regulation any information which it deems necessary

to effectuate the provisions of this act. c. The authority may cause an audit of any business receiving a grant to be conducted

at any time.