N.J. Admin. Code § 5:80-9.3 - Rent determination

(a) At least once each year, each housing sponsor shall make a determination of the rents and/or carrying charges to be applied in the housing project. Hereinafter, the term "rent" shall be construed to include carrying charges and the term "housing sponsor" shall be construed to include a properly authorized representative of the housing sponsor. An annual rent determination shall be made regardless of whether or not a rent increase is being requested.

(b) The rent determination shall be in the form of a resolution or letter from the sponsor.

Notes

N.J. Admin. Code § 5:80-9.3

Amended by R.1991 d.334, effective 7/1/1991.
See: 22 New Jersey Register 2389(b), 23 New Jersey Register 2055(a).
Text on supporting documentation recodified to 9.4; text on rent determination recodified from 9.2; determination to occur once, at any time, during each year.