N.J. Admin. Code § 7:22-3.9 - Project bypassing

Current through Register Vol. 54, No. 7, April 4, 2022

(a) Failure of the project sponsor to advise the Department, in writing, of the project sponsor's commitment to meet the project document submittal schedule by the deadline identified in the proposed Priority System, Intended Use Plan and Project Priority List will, without further notice by the Department, result in the project becoming ineligible for a Fund loan for the specified State fiscal year(s).
(b) Failure of the project sponsor to submit complete planning documents, design documents and applications within the time periods specified in the Priority System, Intended Use Plan and Project Priority List for the specified State fiscal year(s) will result in the Department's bypassing of the project sponsor's project unless the Department, at its discretion, approves, for good cause, an extension to these periods.
(c) Written notice of a bypass action shall be sent to the project sponsor. As a result of such an action, the project on the Project Priority List shall become ineligible to receive a Fund loan in the specified State fiscal year(s). This may allow the next highest ranked project to fall within the fundable range on the Project Priority List.
(d) The Department shall bypass a project on the Project Priority List in cases where the Department has given priority to funding other projects on the Project Priority List in accordance with 7:22-3.7(d) or (e).

Notes

N.J. Admin. Code § 7:22-3.9

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