N.J. Admin. Code § 16:53C-4.4

Current through Register Vol. 57, No. 1, January 6, 2025

Section 16:53C-4.4 - Acquisition of real property

(a) Property, which the Department has identified as an essential component of a rail freight network vital to the economic well-being of the State is also eligible for acquisition by the State under the Rail Freight Assistance Program (RFAP). Such acquisitions may be funded up to 100 percent of the cost of the property. Inactive rail lines, which have value for future use as rail freight facilities or as components of an intermodal network are eligible. Property over which continued rail operations can be maintained through ownership by the private sector is not eligible.

(b) Sources other than RFAP funding will be sought before RFAP funds are expended for property acquisition.

Amended by 48 N.J.R. 1681(a), effective 8/15/2016