N.J. Admin. Code § 5:100-3.5

Current through Register Vol. 56, No. 23, December 2, 2024

Section 5:100-3.5 - Commencement of project and payment: historic site management grants

(a) For a historic site management grant, a project agreement must be in effect within 12 months of the effective date of the appropriation by law for the grant, or the grant for that historic preservation project shall lapse into the Fund.

(b) As defined in the project agreement, any work on a historic preservation project funded with a historic site management grant awarded under the Act shall commence within one year of the effective date of the appropriation by law of the funds for the grant or that historic preservation project will lapse into the Fund.

(c) After funds for the grant have been appropriated by the Legislature, the project agreement has been fully executed, and all eligibility requirements have been met, the grant recipient will be reimbursed for expenditures incurred for historic preservation activities which are eligible for funding and which are within the scope of the historic preservation project described in the project agreement subject to the Trust's approval of documents submitted under (d) below. Total reimbursements cannot exceed the amount of the grant.

(d) Disbursement of 80 percent of the grant is to be made under (c) above once documentation of the following has been received by the Trust:

1. The project team or consultants have been retained;

2. An initial payment for retaining said project team or consultant(s) has been paid by the grantee; and

3. A contract has been signed by both the consultant(s) and grantee.

(e) Twenty percent of each grant is to be retained by the Trust until the project has been completed and met financial and project requirements, including submission and approval of required reports.

N.J. Admin. Code § 5:100-3.5