N.J. Admin. Code § 16:78-2.3

Current through Register Vol. 56, No. 21, November 4, 2024

Section 16:78-2.3 - Funds availability

(a) Available funds must be committed by June 30 of each year, or they will revert back to the General Casino Fund.

(b) The total NJ TRANSIT portion of the annual appropriation can be committed immediately upon adoption of a budget. The Local Programs Support Unit shall have the lead role in preparing the annual program budget. All organization units with eligible projects will submit requests with justification to the Local Programs Support Unit, where requests will be reviewed for appropriateness. Each request will then be reviewed by the SCDRTAC for their comments. The requests, with justification and SCDRTAC comments, will then be reviewed and approved by the Local Programs Support Unit staff before being included in the Corporation's Capital Program. The Local Programs Support Unit staff shall provide a funding profile to the assigned project manager and work with appropriate staff at NJ TRANSIT Bus, Rail, and Corporate to coordinate activities.

(c) The funds will be committed to a county, or the designated recipients, upon notification of a grant award by NJ TRANSIT. NJ TRANSIT will commit funds to a county, or the designated recipients, based on the following criteria:

1. NJ TRANSIT will distribute an annual application for funds to recipients. The county, or its designated recipient, must complete and submit an annual application to NJ TRANSIT within six weeks of receiving the application for funds available for the calendar year starting the following January 1. NJ TRANSIT may change or extend this date based upon the availability of appropriations information.

2. County contracts will run from January 1 through December 31 and require monthly financial reports with supporting documentation to be submitted within 45 days of the end of the month. This is a reimbursement program requiring the county, or designated recipient, to pay all expenses in the first instance and then submit adequately detailed invoices to NJ TRANSIT for reimbursement. When warranted, monthly advances up to one quarter of an approved application's operating budget may be given, but future payments will be withheld if financial reports are not received when due.

3. The balance of county funds remaining unexpended and/or unobligated by the county after a grant close-out has been completed will be returned to NJ TRANSIT. Unexpended county funds at the end of the contract period will be reallocated as set forth at N.J.A.C. 16:78-2.4.

N.J. Admin. Code § 16:78-2.3

Adopted by 56 N.J.R. 141(b), effective 1/16/2024