N.J. Admin. Code § 7:11-2.5
Current through Register Vol. 56, No. 12, June 17, 2024
Section 7:11-2.5 - Capital Fund Component(a) The Capital Fund Component is to provide for current funding of major annual maintenance and repairs of the existing facilities at a total amount of $ 1,500,000 to $ 2,000,000 per year. The total annual amount funded by the Capital Fund Component may be adjusted periodically for inflation; however, all capital projects beyond this amount and any enhancements or additions to the System shall be financed through the issuance of long-term debt.(b) The Capital Fund Component rate per million gallons listed at (c) below is based on estimated annual capital expenses to properly maintain, rehabilitate or replace the facilities.(c) Capital Fund Assessment | Period (State fiscal year unless otherwise indicated) | Allocation | Rate/Million Gallons |
| State fiscal year 2024 | Million Gallons per Day (MGD) | $33.00 |
N.J. Admin. Code § 7:11-2.5
Amended by 46 N.J.R. 1743(b), effective 8/4/2014.Amended by47 N.J.R. 1316(b), Effective June 15, 2015.perative July 1, 2015Amended by 48 N.J.R. 1064(a), effective 6/20/2016Amended by 49 N.J.R. 1678(b), effective 6/19/2017Amended by 50 N.J.R. 1483(a), effective 7/2/2018Amended by 51 N.J.R. 989(b), effective 6/17/2019Amended by 52 N.J.R. 1265(a), effective 6/15/2020Amended by 53 N.J.R. 1083(a), effective 6/21/2021Amended by 54 N.J.R. 1165(b), effective 6/20/2022Amended by 55 N.J.R. 1289(a), effective 6/19/2023