New Jersey § 55:14k-7

§ 55:14k-7.

As a condition of any loan, grant or other investment by the agency pursuant to P.L.2005, c. 163 ( C.34:1B-21.25a et al.), the agency shall have the power at all times during the construction, improvement,

rehabilitation or operation of a special needs housing project: a. To enter upon and inspect without prior notice any special needs housing project,

including all parts thereof, for the purpose of investigating the physical and financial

condition thereof, and its construction, improvement, rehabilitation, operation, management

and maintenance, and to examine all books and records with respect to capitalization,

income and other matters relating thereto and to make such charges as may be required

to cover the cost of such inspections and examinations; b. To order such alterations, changes or repairs as may be necessary to protect the

security of its investment in a special needs housing project or the health, safety,

and welfare of the occupants thereof; c. To order any project sponsor to do such acts as may be necessary to comply with

the provisions of all applicable laws or ordinances or any rule or regulation of the

agency or the terms of any agreement concerning the special needs housing project

or to refrain from doing any acts in violation thereof and in this regard the agency

shall be a proper party to file a complaint and to prosecute thereon for any violations

of laws or ordinances as set forth herein; d. To require the adoption and continuous use of uniform systems of accounts and records

for a special needs housing project and to require all project sponsors to file annual

reports containing that information and verified in such manner as the agency shall

require, and to file at the times and on the forms as it may prescribe, reports and

answers to specific inquiries required by the agency to determine the extent of compliance

with any agreement, the terms of the loan, the provisions of P.L.2005, c. 163 ( C.34:1B-21.25a et al.) and any other applicable law; and e. To enforce, by court action if necessary, the terms and provisions of any agreement

between the agency and the project sponsor.