N.J. Admin. Code § 2:76-12.5

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

Section 2:76-12.5 - Donations toward the cost of acquisition

(a) The Committee shall not treat as a donation any donation accepted prior to approval of an application for Committee funding under 2:76-13.4, unless approved by the Committee.

(b) The Committee shall not treat as a donation any donation of land which is not part of the approved project.

(c) The Committee shall not treat as a donation the reduction in the cost of acquisition resulting from negotiation between the nonprofit and the property owner, unless approved by the Committee.

N.J. Admin. Code § 2:76-12.5