N.J. Admin. Code § 19:31J-1.4

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

Section 19:31J-1.4 - Amount of financial assistance

(a) Financial assistance may be for 100 percent of the eligible project costs, subject to any dollar limitations as may otherwise be set forth in this subchapter. Loans for upgrade, remediation or closure, or any combination, for any one facility, shall not exceed $ 2,000,000, except as provided at (a)1 and 2 below:

1. In the case of an eligible owner or operator of a facility located within an area designated as a Planning Area 1 (Metropolitan), Planning Area 2 (Suburban), a designated center as designated pursuant to the State Planning Act, sections 1 through 12 at P.L. 1985, c. 398 (N.J.S.A. 52:18A-196 et seq.), or the Highlands Region designated pursuant to section 7 at P.L. 2004, c. 120 (N.J.S.A. 13:20-7), the eligible owner or operator may receive a loan in an amount not to exceed $ 3,000,000; and

2. A loan that an applicant may receive from the fund for a remediation of a discharge that poses a threat to a drinking water source may not exceed $ 3,000,000.

(b) Grants for upgrade, remediation, closure, or replacement or any combination, for any one facility, shall not exceed $ 500,000 except as provided at (b)1 and 2 below.

2. In the case of a closure, or closure and replacement, of a petroleum underground storage tank used to store heating oil for onsite consumption in a residential building where no remediation is required, an eligible owner or operator may receive a grant for the eligible project costs consistent with the cost guidelines established by the Department pursuant to section 4 at P.L. 2009, c. 134 (N.J.S.A. 58:10A-37.5b) and in effect at the time the closure is performed.

3. In the case of an emergency remediation of a discharge from a petroleum underground storage tank used to store heating oil for onsite consumption in a residential building, an eligible owner or operator may receive a grant in an amount equal to the actual costs incurred by the Department or its authorized agents (excluding administrative costs), and borne by the eligible owner or operator.

4. In the case of a closure or replacement of a petroleum underground storage tank with a capacity of 2,000 gallons or less used to store heating oil for onsite consumption in a nonresidential building that is owned or operated by those in either Category 5 or Category 6, where no remediation is required, the eligible owner or operator may receive a grant for the eligible project costs of the closure or replacement in an amount consistent with the cost guidelines developed by the Department pursuant to section 4 at P.L. 2009, c. 134 (N.J.S.A. 58:10A-37.5b) and in effect at the time the closure or replacement is performed, provided that the petroleum underground storage tank was not previously replaced with a grant from the Fund.

5. A Category 4 eligible owner or operator may receive a grant in an amount up to $ 1.5 million per institution to fund the remediation costs.

N.J. Admin. Code § 19:31J-1.4

Amended by R.2000 d.297, effective 7/17/2000.
See: 32 N.J.R. 1705(a), 32 N.J.R. 2602(c).
Rewrote the section.
Amended by R.2004 d.347, effective 9/20/2004.
See: 36 N.J.R. 2616(a), 36 N.J.R. 4322(a).
Rewrote the section.
Amended by R.2010 d.285, effective 12/6/2010.
See: 42 N.J.R. 2019(a), 42 N.J.R. 2969(a).
Section was "Amount and terms of financial assistance and conditional hardship grants". Rewrote the section.

Recodified from 19:31-11.4 56 N.J.R. 807(a), effective 5/6/2024