N.J. Admin. Code § 19:7-6.1

Current through Register Vol. 56, No. 11, June 3, 2024

Section 19:7-6.1 - Transportation Planning District Fund

(a) Transportation development fees shall be deposited into the Meadowlands Transportation Planning District Fund (Fund), an interest bearing account.

1. The Fund shall be under the control of the NJMC Chief Fiscal Officer.

2. Payments to and expenditures from the Fund shall follow a first-in/first-out methodology for transportation development fees and expenditures.

(b) The Fund shall be appropriated as follows:

1. The Fund shall be used to defray the costs of plan elements and allowable administrative costs incurred by the NJMC and Meadowlands Transportation Planning Board for administration, management, development, update, amendment, and supplement of the Meadowlands District Transportation Plan and the Meadowlands Transportation Planning District.

2. Fund expenditures shall be subject to appropriation by the NJMC Board of Commissioners and certification by the NJMC Chief Fiscal Officer.

N.J. Admin. Code § 19:7-6.1