N.J. Admin. Code § 16:78-2.2

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

Section 16:78-2.2 - Formula

(a) Moneys pursuant to the program will be allocated by the Corporation in the following manner:

1. 85 percent will be available to be allocated to eligible counties for the purposes specified at N.J.A.C. 16:78-1.1(b)1.

2. 15 percent will be available for use by the Corporation for the purposes specified at N.J.A.C. 16:78-1.1(b)2 and for the general administration of the program, but no more than 10 percent of the total moneys allocated pursuant to the program shall be used for the general administration of the program.

(b) The amount of money that each eligible county may receive shall be based upon the number of persons resident in that county of 60 years of age or older expressed as a percentage of the whole number of persons resident in this State of 60 years or older, as provided by the U.S. Bureau of the Census. As similar data becomes available for the disabled population, such data will be used in conjunction with the senior citizens data to determine the county allocation formula. No eligible county will receive less than $ 150,000, nor more than 10 percent of the total funds available for allocation to the counties during a fiscal year pursuant to the program. NJ TRANSIT's Local Programs Support Unit shall establish a minimum and maximum allocation at the start of each fiscal year. No matching funds are required.

N.J. Admin. Code § 16:78-2.2

Adopted by 56 N.J.R. 141(b), effective 1/16/2024