Applicants unable to utilize their allocation should return the allocation to NJHMFA as soon as possible. NJHMFA shall deposit returned or recaptured credits into the Reserve. In addition, for credits returned within the same calendar year of award, NJHMFA reserves the right to fund the next highest-ranking eligible project from the cycle in which the initial award was made.
N.J. Admin. Code § 5:80-33.30
See: 29 N.J.R. 1441(a), 29 N.J.R. 2818(a).
Substituted "applicants" for "projects" and "October 15" for "November 1st" throughout.
Recodified from N.J.A.C. 5:80-33.28 by R.1998 d.279, effective 6/1/1998.
See: 30 N.J.R. 1132(a), 30 N.J.R. 1978(a).
Former N.J.A.C. 5:80-33.33, Inspection, was recodified to N.J.A.C. 5:80-33.38.
Recodified from N.J.A.C. 5:80-33.33 and amended by R.1999 d.120, effective 4/5/1999.
See: 31 N.J.R. 122(a), 31 N.J.R. 860(a).
Substituted "administered" for "returned after the Reserve deadline" at the end. Former N.J.A.C. 5:80-33.31, Project cost certification, recodified to N.J.A.C. 5:80-33.29.
Recodified from N.J.A.C. 5:80-33.31 and amended by R.2001 d.170, effective 5/21/2001.
See: 33 N.J.R. 932(a), 33 N.J.R. 1573(b).
Deleted second and third sentence. Former N.J.A.C. 5:80-33.32, Applicant's affirmative obligation to disclose changes, recodified to N.J.A.C. 5:80-33.33.
Recodified from N.J.A.C. 5:80-33.32 and amended by R.2003 d.300, effective 7/21/2003.
See: 35 N.J.R. 1616(a), 35 N.J.R. 3298(b).
Substituted "the Reserved has been fully utilized" for "administered". Former N.J.A.C. 5:80-33.30, Project cost certification and contractor fee limits, recodified to N.J.A.C. 5:80-33.28.
Amended by R.2009 d.154, effective 5/4/2009.
See: 41 N.J.R. 917(a), 41 N.J.R. 1994(a).
Rewrote the section.