Current through Register Vol. 54, No. 7, April 4, 2022
sponsor is eligible for an interim loan from the Trust provided all of the
following conditions are met:
is listed on the project priority list developed in accordance with
funding in the forthcoming State fiscal year;
The project sponsor has submitted a
complete application for the project in accordance with
The project has been certified for funding
by the Trust in accordance with
4. The project is in the fundable range in
the forthcoming funding cycle given the project's rank and the anticipated
availability of Department and Trust monies for loans; and
5. The project sponsor has not previously
received an Interim loan with the Trust for the same project scope.
(b) Interim loans will be awarded
on a readiness-to-proceed basis until the funds available for interim loan
awards are exhausted.
N.J. Admin. Code §
New Rule, R.2002 d.259,
See: 34 New Jersey Register 1373(a), 34 New Jersey Register 2803(a).
Former N.J.A.C. 7:22-4.47, Severability, recodified to N.J.A.C.