N.J. Admin. Code § 19:31N-1.7

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

Section 19:31N-1.7 - Fees

(a) Each application submitted by a selling business to the program shall be accompanied by a non-refundable fee of $ 2,500.

(b) For each project with total approved tax credits of $ 1,000,000 or less, a non-refundable fee of $ 1,000 shall be paid for each request for any administrative changes, additions, or modifications to the grant; and a non-refundable fee of $ 2,500 shall be paid for any major changes, additions, or modifications to the grant, such as those requiring extensive staff time and Board approval. For each project with total approved tax credits of $ 1,000,000 to $ 5,000,000, a non-refundable fee of $ 2,500 shall be paid for each request for any administrative changes, additions, or modifications to the grant; and a non-refundable fee of $ 7,500 shall be paid for any major changes, additions, or modifications to the grant, such as those requiring extensive staff time and Board approval. For each project with total approved tax credits in excess of $ 5,000,000, a non-refundable fee of $ 5,000 shall be paid for each request for any administrative changes, additions, or modifications to the grant; and a non-refundable fee of $ 25,000 shall be paid for any major changes, additions, or modifications to the grant, such as those requiring extensive staff time and Board approval.

(c) The full amount shall be paid 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.

N.J. Admin. Code § 19:31N-1.7

New Rule, R.2010 d.178, effective 8/16/2010.
See: 42 N.J.R. 904(a), 42 N.J.R. 1900(b).
Former N.J.A.C. 12A:2A-1.7, Appeals, recodified to N.J.A.C. 12A:2A-1.8.
Recodified from N.J.A.C. 12A:2A-1.7 by R.2010 d.231, effective 10/18/2010.
See: 42 N.J.R. 1495(b), 42 N.J.R. 2436(a).
Amended by R.2015 d.014, effective 1/20/2015.
See: 46 N.J.R. 1593(a), 47 N.J.R. 277(b).
Rewrote (b).
Amended by R.2020 d.122, effective 11/16/2020.
See: 52 N.J.R. 1612(a), 52 N.J.R. 2064(a).
Added (c).

Recodified from 19:31-15.7 56 N.J.R. 807(a), effective 5/6/2024