N.J. Admin. Code § 10:49A-2.1 - General requirements

(a) For each PCR reporting year, a facility must submit, to the Department, a report, that complies, in all respects, with the requirements of this chapter concerning revenue and expenses related to the services that it provided.

1. The report must be submitted to the Department by the first day of the sixth month following the end of a PCR reporting year and must contain the information set forth in this section.

(b) An owner of multiple facilities must submit a separate report for each facility operated during the PCR reporting year. Data for multiple facilities cannot be combined into an aggregate report or reports. Compliance and rebate calculations will be determined by the individual facility.

(c) Owners that purchase another facility, or have ownership of another facility transferred to them, during a PCR reporting year are responsible for submitting the information and reports required by this chapter for the assumed facilities, including for that part of the PCR reporting year that was prior to the assumption and for the payment of any required rebates.

(d) Owners of facilities that cease operations during a PCR reporting year are responsible for submitting the information and reports required by this chapter for the closed facilities and for the payment of any required rebates.

(e) Costs of services, facilities, and supplies, including management fees and similar payments, furnished by a related party may only be reported to the extent that they are less than, or equal to, the competitive price of comparable services, facilities, or supplies purchased elsewhere. A facility must report all related-party transactions on a form, and in the manner prescribed by the Department, which shall include, but is not limited to, the following information for each transaction:

1. Date;

2. Amount;

3. Description of goods and services provided;

4. Nature of the relationship for each transaction; and

5. Substantive analysis listed by each related party showing that the reported cost is equal to, or less than, the cost had the transaction occurred in an arm's length negotiation. If the goods or services are fungible or otherwise available in a ready market, evidence of competitive procurement, or posted prices at the time of the transaction must also be reported.

Notes

N.J. Admin. Code § 10:49A-2.1

Adopted by 53 N.J.R. 1783(a), effective 10/18/2021