New Jersey Administrative Code
Title 19 - OTHER AGENCIES
OFFICE OF THE STATE COMPTROLLER
Chapter 70 - OFFICE OF THE STATE COMPTROLLER RULES
Subchapter 1 - OFFICE OF THE STATE COMPTROLLER
Section 19:70-1.6 - Authority to audit or review contract records
Universal Citation: NJ Admin Code 19:70-1.6
Current through Register Vol. 57, No. 6, March 17, 2025
(a) Relevant records of private vendors or other persons entering into contracts with covered entities are subject to audit or review by the OSC pursuant to N.J.S.A. 52:15C-14.d.
1. Vendors, contractors, and other persons
entering into contracts with covered entities should exercise sound business
judgment in preserving documentation and data, which include, at a minimum,
contract documents, purchase orders, and change orders.
(b) All covered entities shall insert the following language in any new contract:
"(The contract partner, as that term is defined pursuant to N.J.A.C. 19:70-1.2) shall maintain all documentation related to products, transactions, or services under this contract for a period of five years from the date of final payment. Such records shall be made available to the New Jersey Office of the State Comptroller upon request."
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