N.J. Admin. Code § 19:30-6.1

Current through Register Vol. 56, No. 12, June 17, 2024

Section 19:30-6.1 - Application fees

(a) Unless otherwise established in accordance with N.J.A.C. 19:30-6.1A, a non-refundable fee of $ 1,000 shall accompany every application for Authority assistance, except for:

1. An application under the Edison Innovation Angel Growth Fund, the Edison Innovation VC Growth Fund, and the Edison Innovation Growth Stars Fund, for which the fee is $ 2,500;

2. An application for assistance under the Small Business Fund and the New Jersey Local Development Financing Fund Act, N.J.S.A. 34:1B-47 et seq., for which the fee is $ 300.00; and

3. An application for assistance under the Real Estate Impact Fund, for which the fee is $ 2,500.

(b) The non-refundable application fee of $ 1,000 for a guarantee of a bond issued by the Authority is in addition to the bond application fee.

(c) In addition to the application fee at (a) above, an applicant shall pay to the Authority the full amount of direct costs of due diligence, including, but not limited to, debarment/disqualification reviews, or other analyses by a third-party retained by the Authority, if the Authority deems such retention to be necessary.

(d) An application fee may be refunded, in whole or in part, where an application is not processed or approved because the application is incomplete or the funding for the program or initiative is exhausted.

N.J. Admin. Code § 19:30-6.1

Amended by 47 N.J.R. 277(b), effective 1/20/2015

Amended by 51 N.J.R. 1537(a), effective 10/7/2019

Amended by 52 N.J.R. 2064(a), effective 11/16/2020

Amended by 55 N.J.R. 1476(a), effective 7/17/2023