N.J. Admin. Code § 19:31O-1.11

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

Section 19:31O-1.11 - Fees

(a) A non-refundable application fee of $ 1,000 shall accompany every application for grant assistance.

(b) An annual servicing fee in an amount equal to two percent of the sales tax exemption used in the previous year, with a cap of $ 75,000, shall be payable until the quarterly reports pursuant to N.J.A.C. 19:31O-1.10(a) are no longer required to be filed.

(c) A non-refundable fee of $ 750.00 shall be paid for each request for any administrative changes, additions or modifications to the grant; and a non-refundable fee of $ 1,500 shall be paid for any major changes, additions or modifications to the grant, such as those requiring extensive staff time and Board approval.

(d) 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 § 19:31O-1.11

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-2.11, Events of recapture and default, recodified to N.J.A.C. 12A:2A-2.12.
Recodified from N.J.A.C. 12A:2A-2.11 and amended by R.2010 d.231, effective 10/18/2010.
See: 42 N.J.R. 1495(b), 42 N.J.R. 2436(a).
In (b), updated the N.J.A.C. reference.
Amended by R.2020 d.122, effective 11/16/2020.
See: 52 N.J.R. 1612(a), 52 N.J.R. 2064(a).
Added (d).

Recodified from 19:31-16.11 56 N.J.R. 807(a), effective 5/6/2024