N.J. Admin. Code § 7:22-6.20 - Pinelands grant or loan agreement amendments

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

(a) The Department, in consultation with the Pinelands Commission, shall require a Pinelands grant or loan agreement amendment to change principal provisions of a Pinelands grant or loan agreement where the Department determines that project changes substantially alter the objective or scope of the project or time of performance of the project or any major phase thereof, or to change substantially a term or condition of the Pinelands grant or loan agreement.
(b) In the event that a project has a need for additional moneys due to the low bid building cost being higher than the original Pinelands grant or loan amount, the local government unit may request a supplemental Pinelands grant or loan. After consultation with the Pinelands Commission, the Department may award a supplemental Pinelands grant or loan only after legislative approval, and only with a Pinelands grant or loan agreement. The recipient shall be responsible for all other increased costs.

Notes

N.J. Admin. Code § 7:22-6.20
Amended by R.1992 d.42, effective 1/21/1992.
See: 23 New Jersey Register 3282(a), 24 New Jersey Register 246(a).
Clarified operating procedures and the parameters under which a recipient may request a line item adjustment within a Pinelands Infrastructure Trust Fund grant or loan agreement.

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