The availability of grant funds is subject to legislative appropriation. The Division will award grant funds from the monies deposited in the PSEEF pursuant to N.J.S.A. 39:4-36 and 39:4-36.2. All monies in the PSEEF as of January 1 of each year shall be available for grants to be awarded during the following SFY commencing on July 1. Any monies available for the SFY not awarded during a SFY shall be carried forward and made available for grants in the next SFY. Awards shall be made by a grant agreement, executed by the Division and the municipality or county for a particular project.
N.J. Admin. Code § 13:86A-3.1