N.J. Admin. Code § 19:31G-1.6

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

Section 19:31G-1.6 - Amount of financial assistance and grants

(a) Financial assistance and grants may be for up to 100 percent of the estimated applicable remediation costs, except that the cumulative maximum amount of financial assistance to a person in any calendar year, for one or more properties, shall be $ 500,000.

(b) Financial assistance and grants to any one public entity shall not exceed $ 3,000,000 in any calendar year, except as provided at (c) below.

(c) The Authority may award an additional amount of up to $ 2,000,000 of financial assistance and grants in any calendar year to any one public entity for the remediation of real property in a brownfield development area.

(d) The total cumulative amount of matching grants awarded to public entities for up to 75 percent of the costs of the remedial action of real property to be used for recreation and conservation purposes, for up to 75 percent of the costs of the remedial action for renewable energy generation or for up to 50 percent of the costs for affordable housing, shall not exceed $ 10,000,000 in any calendar year.

(e) The amount of financial assistance or grant awarded shall be based upon a scope of work for remediation which is in compliance with N.J.A.C. 7:26D, 7:26E, 7:26B, and 7:14B, as applicable.

(f) The amount of a grant for costs of a remedial action shall not include the cost to remediate a site to meet residential soil remediation standards if the local zoning ordinances do not allow for residential use.

N.J. Admin. Code § 19:31G-1.6

Amended by R.2000 d.297, effective 7/17/2000.
See: 32 N.J.R. 1705(a), 32 N.J.R. 2602(c).
In (a), deleted "and grants" following "assistance"; and in (b), inserted "or NJRA" following "entity".
Recodified from N.J.A.C. 19:31-8.5 and amended by R.2006 d.369, effective 10/16/2006.
See: 38 N.J.R. 3001(a), 38 N.J.R. 4503(a).
In (a), substituted "remediation" for "Remediation"; rewrote (b); added new (c), (d) and (g); recodified former (c) and (d) as new (e) and (f); and in (f), inserted "awarded". Former N.J.A.C. 19:31-8.6, Priority system for financial assistance and grants, recodified to N.J.A.C. 19:31-8.7.
Amended by R.2010 d.285, effective 12/6/2010.
See: 42 N.J.R. 2019(a), 42 N.J.R. 2969(a).
In (d), inserted ", for renewable energy generation or for affordable housing,".
Amended by R.2021 d.126, effective 11/1/2021.
See: 53 N.J.R. 1270(a), 53 N.J.R. 1859(a).
In (a), substituted "$ 500,000" for "$ 1,000,000"; in (b), substituted "at" for "in"; rewrote (d); deleted former (e); and recodified former (f) and (g) as (e) and (f).

Recodified from 19:31-8.6 56 N.J.R. 807(a), effective 5/6/2024