(Source: njspotlight.com) Four years after Hurricane Sandy, a federal audit of money allotted to repair and rebuild in the hurricane’s aftermath has found that New Jersey “… did not have adequate controls in place to administer its contract and monitor contract performance and was not fully aware of federal procurement and cost principle requirements.”

Hammerman and Gainer Inc., a Louisiana company that New Jersey paid $43 million to handle applications for aid and to disburse funds, has been a principal target of homeowners entangled in post-Sandy red tape. Now, an audit conducted by the Department of Housing and Urban Development notes “…HUD did not have assurance that the $43.1 million disbursed under the contract was for costs that were eligible, supported, reasonable and necessary.”...