Current through Register Vol. 56, No. 24, December 18, 2024
Section 15:24-5.2 - Applicant/grant recipient reporting requirements(a) Upon authorization of a grant pursuant to N.J.A.C. 15:24-4, the applicant shall enter into a grant agreement with the New Jersey State Library. The person authorized to sign the grant agreement shall be an officer of the body named as the applicant. Funding of the project grant shall be contingent upon the public library's continued compliance with the grant agreement.(b) Within three months following notification of eligibility for a grant award, the applicant shall submit evidence that funds have been appropriated or bonds or debt have been authorized for financing of the project. Such evidence shall include copies of the ordinance of appropriation passed on final reading and approved. Other evidence of funding, such as resolutions, bank statements, and grant award notifications shall be deemed acceptable at the discretion of the President and State Librarian.(c) Notwithstanding the useful life or life expectancy certified by the applicant for the proposed project, or a portion thereof for which funding is being sought under the Act, any debt issued by a local government entity as local matching funds shall be subject to the useful life provisions of the Local Bond Law (N.J.S.A. 40A:2-1et seq.) or, under any other statute where the Local Finance Board may review useful life, the useful life determined by the Local Finance Board.N.J. Admin. Code § 15:24-5.2
Adopted by 51 N.J.R. 1610(a), effective 11/4/2019