N.J. Admin. Code § 7:22-4.18 - Administration and performance of loan

Current through Register Vol. 54, No. 7, April 4, 2022

The recipient bears primary responsibility for the administration and success of the project, including any subagreements made by the recipient for accomplishing the Trust loan objectives. Although recipients are encouraged to seek the advice and opinion of the Trust on problems that may arise, the giving of such advice does not shift the responsibility for final decisions from the recipient to the Trust.

Notes

N.J. Admin. Code § 7:22-4.18
Amended by R.1992 d.42, effective 1/21/1992.
See: 23 New Jersey Register 3282(a), 24 New Jersey Register 246(a).
Last sentence, non-regulatory language deleted.

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