N.J. Admin. Code § 15:24-2.5

Current through Register Vol. 56, No. 24, December 18, 2024

Section 15:24-2.5 - Computation of square footage costs

(a) The maximum per square foot costs for computation of the project grant funding of construction, rehabilitation, and repair have been set at $ 500.00 per square foot for new construction and $ 350.00 per square foot for rehabilitation and repair. For the rehabilitation and repair of a building registered as a New Jersey or Federal historic site, the maximum cost per square foot has been set at $ 500.00. If the grant program is administered in a phased-solicitation process, these costs will be adjusted annually according to the Consumer Price Index for All Urban Consumers (CPI-U), Northeast Region, All Items, not seasonally adjusted.

1. The State Librarian may, at any time during the administration of the grant program, adjust the maximum per square foot costs for documented increases in the Consumer Price Index for All Urban Consumers, Northeast Region, All Items, whenever such adjustment would ensure the implementation of the grant program and fulfillment of its purpose. The adjusted maximum allowable square foot cost shall be calculated based on the most recent 12-month change in the Consumer Price Index for All Urban Consumers, Northeast Region, All Items.

(b) In cases where a portion of the proposed construction is for use other than for a public library, such space may not be included in the computation of available square feet of space in the computation of the State share of funding. The applicant shall clearly designate the non-public library use areas and the related costs; grant awards shall be reduced by the amount of the non-public library uses and related costs.

(c) The cost of any shared space submitted for grant funding shall be prorated on the basis of the percentage of public library use.

(d) Public library floor space must be measured to include total square footage of space to be used as a public library, including outer walls, areas provided for mechanical equipment and maintenance requirements, and storage. These areas shall have heat, light, and ventilation and square footage commensurate with their purposes.

(e) The reasonableness of land purchase costs also will be considered. See N.J.A.C. 15:24-2.7(a)4.

N.J. Admin. Code § 15:24-2.5

Adopted by 51 N.J.R. 1610(a), effective 11/4/2019

Amended by 55 N.J.R. 2142(b), effective 10/2/2023