N.J. Admin. Code § 5:101-3.6

Current through Register Vol. 56, No. 24, December 18, 2024

Section 5:101-3.6 - Commencement of project and payment: emergency intervention

(a) A project agreement between the Trust and grant recipient must be fully executed, subject to the Trust's approval at (b) below.

(b) Disbursement of 90 percent of the grant is to be made once documentation of the following has been received by the Trust:

1. The project team or consultants have been retained; and

2. A contract has been signed by both the consultant and grantee.

(c) Ten percent of each grant is to be retained by the Trust until the project has been completed and met financial and project requirements, including submission of required reports.

N.J. Admin. Code § 5:101-3.6

Adopted by 55 N.J.R. 2474(a), effective 12/18/2023