N.J. Admin. Code § 7:22-4.21 - Administrative loan changes
Current through Register Vol. 54, No. 7, April 4, 2022
Administrative changes by the Trust, such as a change in the designation of key Trust personnel or of the office to which a report is to be transmitted by the recipient, or a nonsubstantial alteration of the disbursement schedule for Trust loans for construction of environmental infrastructure facilities, constitute changes to the Trust loan agreement (but not necessarily to the project work) and do not affect the substantive rights of the Trust or the recipient. The Trust may issue such changes unilaterally by written notice to the recipient.
See: 30 New Jersey Register 1144(a), 30 New Jersey Register 2863(a).
Substituted "environmental infrastructure" for "wastewater treatment" and rewrote the last sentence.
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