N.J. Admin. Code § 19:31AA-1.13

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

Section 19:31AA-1.13 - Affirmative action and prevailing wage

(a) For a financing gap tax credit:

1. The Authority's affirmative action requirements at N.J.S.A. 34:1B-5.4 and N.J.A.C. 19:30-3 shall apply to the project, including, but not limited to, construction contracts for work performed before the application and after May 4, 2023 (the effective date of this subchapter), and included in the project cost.

2. The Authority's prevailing wage requirements at N.J.S.A. 34:1B-5.1 and N.J.A.C. 19:30-4 shall apply to the project, but not be limited to, construction contracts for work performed before the application and included in the project cost.

(b) For an initial operating cost tax credit, the Authority's affirmative action requirements at N.J.S.A. 34:1B-5.4 and N.J.A.C. 19:30-3, and the prevailing wage requirements at N.J.S.A. 34:1B-5.1 and N.J.A.C. 19:30-4 shall apply to the project, including, but not limited to, construction contracts for work performed after the application is approved and construction contracts for work performed after the date of the application, if included in the initial operating shortfall.

(c) The Authority's affirmative action and prevailing wage requirements shall continue to apply to the project for two years after the first certificate of compliance is issued.

N.J. Admin. Code § 19:31AA-1.13

Recodified from 19:31-28.13 56 N.J.R. 807(a), effective 5/6/2024