N.J. Admin. Code § 7:36-10.7

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:36-10.7 - Matching share; donations toward the cost of development

(a) If the Garden State Preservation Trust approves a matching grant to a local government unit, the local government unit may use as its matching share of the allowable costs of the development project its own funds or grants, contributions, donations, or reimbursements from State or Federal programs or from other public or private sources, except as described at (b) below.

(b) A local government unit shall not use as its matching share of the cost of development:

1. Any funding provided under the Green Acres laws, except a Green Acres loan awarded to the local government unit for the project under 7:36-13.3;

2. Any funding provided under the Garden State Preservation Trust Act administered by any State agency; or

3. The value of any donated goods and services that have not been obtained in conformance with the Local Public Contracts Law, 40A:11-1 et seq.

N.J. Admin. Code § 7:36-10.7