N.J. Admin. Code § 19:32-3.5

Current through Register Vol. 57, No. 1, January 6, 2025

Section 19:32-3.5 - Conditions precedent to payment of a disbursement

(a) When all of the following conditions precedent to the payment of a disbursement have been met, the Authority will provide the district with the disbursement.

1. The grant agreement has been executed and delivered;

2. No event of default has occurred and is continuing;

3. Costs listed in the request and voucher contain only approved costs;

4. The costs, including the costs paid by the Authority previously, do not exceed the grant;

5. The applicable checklist, if any, has been reviewed and approved by the Authority;

6. None of the items for which payment is requested has formed the basis for any previous request for disbursement; and

7. The district is in compliance with all requirements of governmental authorities with respect to the school facilities project.

N.J. Admin. Code § 19:32-3.5

Recodified from N.J.A.C. 19:32-3.6 and amended by R.2002 d.184, effective 6/17/2002.
See: 34 N.J.R. 876(a), 34 N.J.R. 2137(a).
In (a)5, deleted "by DCA" after "reviewed". Former N.J.A.C. 19:32-3.5, Schedule of disbursements, recodified to N.J.A.C. 19:32-3.4.
Amended by R.2004 d.411, effective 11/1/2004.
See: 36 N.J.R. 935(a), 36 N.J.R. 4954(a).
Amended by R.2008 d.8, effective 1/7/2008.
See: 39 N.J.R. 2478(a), 40 N.J.R. 199(a).
In the introductory paragraph of (a), and in (a)4 and (a)5, substituted "Authority" for "Corporation".