N.J. Admin. Code § 5:80-5.6

Current through Register Vol. 56, No. 18, September 16, 2024

Section 5:80-5.6 - Required documents

(a) Required documents for a modified review must be satisfactory to the Agency and include at least the following:

1. Administrative questionnaires for buyer;

2. Complete description of the transaction;

3. Copy of Partnership Certificate with proposed revisions;

4. Any other documents determined by the Agency to be necessary.

(b) The following additional documents may be required for full review:

1. Previous Participation Certificates (form 2530) for buyer;

2. Experience questionnaire for buyer;

3. Buyer's certified financial statements;

4. Legal opinion from seller's attorney and, if requested by the Agency, from buyer's attorney;

5. Appraisal of property;

6. Physical inspection report approved by the Agency;

7. Financial report on project operations approved by the Agency.

N.J. Admin. Code § 5:80-5.6

Amended by 49 N.J.R. 3423(c), effective 10/16/2017