N.J. Admin. Code § 6A:26A-2.2

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

Section 6A:26A-2.2 - Matching funds

(a) CVSD CTE grants shall be approved for 75 percent of the total eligible project costs in the CVSD's application as determined by the Commissioner.

1. The remaining costs of the project shall be borne by the CVSD. No amount of the cost of a CVSD CTE program project approved pursuant to this chapter shall be included in the cost of tuition charged to sending school districts pursuant to N.J.A.C. 6A:23A-17.3 and 17.4.

2. If, after the award of a grant pursuant to this section, the total cost of the project pursuant to a public bidding process exceeds the estimated total project costs as set forth in the school district's application and the school district is unable to raise sufficient local funds for the increased cost, the school district may reduce the cost of the project through value engineering and alterations to the building area, as long as the reductions do not result in an impact to the school district's score on the priority rubric pursuant to N.J.A.C. 6A:26A-2.3(a)that places the school district's score below a school district that did not receive a grant. Any changes as set forth in this paragraph must be submitted to the Commissioner for approval.

3. If the total cost of the project falls below the grant application cost estimate after the award of a grant pursuant to this section, the Commissioner will adjust the total grant award accordingly.

4. If the CVSD is unable to provide its share due to higher than estimated costs, the grant will be awarded to the next eligible application based on the rubric as set forth at N.J.A.C. 6A:26A-2.3(a).

N.J. Admin. Code § 6A:26A-2.2

Adopted by 52 N.J.R. 694(a), effective 4/6/2020