N.J. Admin. Code § 17:49-11.1

Current through Register Vol. 56, No. 23, December 2, 2024

Section 17:49-11.1 - Public-Private Partnership Fund

(a) A local government unit, school district, State governmental entity or county college, State college or State university shall set aside one percent of a project and remit that amount upon execution of the project documentation to the Office of Public Finance for deposit within the Public-Private Partnership Fund.

(b) Upon written request, a local government unit, State governmental entity, school district, or county college, State college, or State university may request a reduction in the set-aside amount equal to the amount of application fees paid but not necessary for review of a project. Such request shall be received by the Office of Public Finance within 14 days of the receipt of the approval letter by the local government unit, State governmental entity, or county college, State college, or State university, or in the case of project involving a school district, the private entity with which the school district has contracted.

Adopted by 52 N.J.R. 898(a), effective 4/20/2020