N.J. Admin. Code § 16:53C-5.4

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

Section 16:53C-5.4 - Project selection

(a) The total budget amount for funding projects within the Rail Freight Assistance Program (RFAP) is appropriated annually. The number and funding levels of individual projects shall be dependent upon the level of annual appropriations, the number of applications received, the amount of funding requested, and the merit of the application. Not all eligible projects will receive funding in a given year. If an eligible project does not receive funding under the RFAP, the sponsor may reapply for funding in the next fiscal year.

(b) At the discretion of the Commissioner, projects will be selected for funding on an annual basis from the projects contained in the list of eligible projects. The Department may require that cost estimates for projects from previous program years be updated by the sponsor to accurately reflect the anticipated costs in the current program year. Factors considered will include: economic benefit, efficient and responsive freight distribution, energy and environmental factors, and highway congestion mitigation.

(c) Applicants shall be notified of the status of their applications not later than 30 days after selection for funding by the Commissioner.

N.J. Admin. Code § 16:53C-5.4

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