N.J. Admin. Code § 7:36-22.3

Current through Register Vol. 56, No. 16, August 19, 2024

Section 7:36-22.3 - At-risk authorization to proceed with development

(a) After submission of an application for development funding, the nonprofit may request approval from Green Acres to proceed with a development project at its own risk.

(b) Green Acres shall issue an at-risk authorization when the proposed development complies with the eligibility requirements under N.J.A.C. 20.2, and for good cause shown.

(c) The Garden State Preservation Trust is not obligated to award funding for any development project for which Green Acres issues an at-risk authorization under (b) above.

(d) A nonprofit is not obligated to develop any project for which it receives an at-risk authorization under (b) above.

(e) The development of a project site completed under an at-risk authorization must comply with the requirements of this chapter to remain eligible for Green Acres reimbursement.

N.J. Admin. Code § 7:36-22.3