N.J. Admin. Code § 9A:13-1.6

Current through Register Vol. 56, No. 9, May 6, 2024

Section 9A:13-1.6 - Authorization process

(a) The Secretary shall establish a review committee comprised of representation from the Office of the Secretary of Higher Education, the Authority, the New Jersey Schools Development Authority, the New Jersey Economic Development Authority, and an external advisor with technical expertise to evaluate project grant applications and make recommendations on funding.

(b) The Secretary shall examine the recommendations of the review committee and shall, via a written certification, provide preliminary approval or disapproval, pursuant to N.J.A.C. 9A:13-1.5(b), of the grant and the grant amount.

(c) The Secretary shall forward to the Authority a copy of the institution's application and a copy of the written certification of such approval, including the amount of the grant. The Authority shall submit a copy of the proposed grant agreement in connection with the project approved by the Secretary, to the Legislature Joint Budget Oversight Committee for review. The Legislature Joint Budget Oversight Committee shall approve or disapprove each grant agreement within 10 working days of receipt, or the grant agreement shall be deemed approved by the Legislature Joint Budget Oversight Committee and by the Secretary.

(d) Each grant awarded shall be contingent upon the recipient's governing board entering into a contract or contracts with respect to the project, within one year of the date on which the grant funds are made available. The grant funds shall be considered available on the date of the Legislature Joint Budget Oversight Committee's approval of the corresponding list of projects or on the date of the Secretary's written certification of the grant approval pursuant to (c) above, whichever is later.

(e) The Authority shall not enter into a grant agreement with an institution of higher education without the review and approval of the Legislature Joint Budget Oversight Committee.

(f) The Authority shall not issue bonds to finance the equipment purchases with terms exceeding the useful life of acquisitions and in no case exceeding 15 years.

(g) Each recipient of a grant shall provide such information as the Secretary may request regarding the use of grant funds and/or progress of the project.

N.J. Admin. Code § 9A:13-1.6

Amended by R.2013 d.072, effective 5/6/2013.
See: 45 N.J.R. 92(a), 45 N.J.R. 1132(a).
Rewrote the section.

Amended by 54 N.J.R. 1413(a), effective 7/18/2022