N.J. Admin. Code § 15:3-7.11

Current through Register Vol. 56, No. 21, November 4, 2024

Section 15:3-7.11 - Commencement of project and payment

(a) Upon receipt of a grant award, payments shall be made based on the following schedule:

1. Up to 50 percent of total grant awarded after notification of approval of application and budget and receipt by DARM of resolution accepting grant award and executed contracts;

2. Additional funds up to 90 percent of total grant based upon estimates of need for funds to continue project and timely submission of any interim reports; and

3. Remainder of total grant awarded after submission of final report on project within approved project period.

N.J. Admin. Code § 15:3-7.11