New Jersey Administrative Code
Title 16 - TRANSPORTATION
Chapter 56 - AIRPORT GRANT AND LOAN PROGRAM
Subchapter 7 - AUDIT, RECORDKEEPING, AND RECORD RETENTION
Section 16:56-7.3 - Retention of records

(a) As stated in the agreement, a recipient shall obtain and retain all project-related records for a period of the useful life of the project plus one year, after the submittal of the recipient's final invoice. Such records include, but are not limited to, documentary evidence such as invoices, cost estimates, appraisal reports, and negotiation documents relating to each item of project or program cost, vendor's invoices, applicable purchase orders, receiving reports, inventory records, method of pricing, returns, production cost reports, weight tickets, physical inventories, production cost accounts, final inspection report showing acceptance of the airport development performed under the project or program, and a record of disposition or correction of all unsatisfactory work, if any.

(b) If audit findings have not been resolved, records shall be retained until the findings have been resolved.