N.J. Admin. Code § 16:56-3.3

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

Section 16:56-3.3 - Matching grants

(a) An airport may apply for a grant to match funding for airport improvement projects financed by Federal sources of funding for airport improvement projects consistent with the purposes of this chapter.

(b) Matching grants shall be up to half of the airport's total project cost for the required local match.

(c) In an emergency, a matching grant may be up to 100 percent of the airport's required local match.

(d) The Department may enter into individual matching grant agreements for individual projects. The Department may also enter into multi-year matching grant agreements of up to seven years for multiple eligible projects requiring matching funds, when receiving Federal assistance during the term of the agreement.

N.J. Admin. Code § 16:56-3.3

Petition for Rulemaking.
See: 44 N.J.R. 2074(b), 2254(d).
Recodified from N.J.A.C. 16:56-2.2 and amended by R.2014 d.055, effective 4/7/2014.
See: 45 N.J.R. 2191(a), 46 N.J.R. 638(a).
Rewrote the section. Former N.J.A.C. 16:56-3.3, Evaluation and selection process, recodified to N.J.A.C. 16:56-4.3.