In order for an entity to be eligible to receive a tax credit pursuant to P.L. 2001, c. 415 (N.J.S.A. 52:27D-490 et seq.), the nonprofit organization which is to be the recipient of funding provided by the entity shall submit a neighborhood revitalization plan to the Department for approval which shall meet the requirements of this subchapter.
N.J. Admin. Code § 5:47-3.1