N.J. Admin. Code § 7:22-4.3 - Purpose

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

(a) This subchapter is promulgated for the following purposes:
1. To implement the purposes and objectives of the Trust Act;
2. To establish policies and procedures for the distribution of funds appropriated or otherwise available to the Trust for the purpose of providing financial assistance to project sponsors through the issuance of Trust loans for the costs of the construction of environmental infrastructure facilities;
3. To protect the public, the State and the Trust's bondholders by ensuring that Trust moneys appropriated are spent in a proper manner and for the intended purposes;
4. To assure that the distribution and use of Trust moneys is consistent with the laws and policies of the State;
5. To establish minimum standards of conduct to prevent conflicts of interest and to ensure proper administration of funds;
6. To establish accounting procedures for the administration of Trust moneys;
7. To establish Trust loan repayment requirements; and
8. To establish standards for the construction of environmental infrastructure facilities.

Notes

N.J. Admin. Code § 7:22-4.3
Amended by R.1992 d.42, effective 1/21/1992.
See: 23 New Jersey Register 3282(a), 24 New Jersey Register 246(a).
Editorial changes only.
Amended by R.1998 d.407, effective 8/3/1998.
See: 30 New Jersey Register 1144(a), 30 New Jersey Register 2863(a).
In (a), substituted "environmental infrastructure" for "wastewater treatment" and "project sponsor" for "local government unit".

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