N.J. Admin. Code § 2:77-7.7

Current through Register Vol. 56, No. 19, October 7, 2024

Section 2:77-7.7 - Award of funding, disbursements, accounting, and recordkeeping requirements

(a) The Board shall base its award on the "Estimate of Costs" submitted pursuant to 2:77-7.4.

(b) In the case of an inter-municipal TDR planning assistance grant request, the Board shall award grants to participating municipalities as follows:

1. Up to 50 percent or $ 40,000, whichever is less, for each municipality containing a receiving area(s) that accepts greater or equal to 50 percent of the total credits from the sending area(s); and

2. Up to 50 percent or $ 20,000, whichever is less, for each participating municipality without a receiving area(s) or with a receiving area that accepts less than 50 percent of the credits from the sending area(s).

(c) The Board shall disburse the grant as follows:

1. Fifty percent of the awarded amount shall be disbursed after the grant agreement is executed; however, if the municipality has not yet adopted the master plan element required in 2:77-7.3(a)2, no grant money shall be disbursed until the plan element has been adopted; and

2. Fifty percent of the awarded amount shall be disbursed upon submission of the TDR ordinance and associated elements to the Burlington County Planning Board pursuant to 40:55D-121 or the State Planning Commission as a part of a municipality's initial petition for plan endorsement by the State Planning Commission pursuant to 52:18A-196 et seq. or as an amendment to a previously approved petition pursuant to 52:18A-196 et seq.

i. The municipality shall notify and submit a request for payment to the Board when the above requirement has been met;

ii. The municipality shall submit a letter of receipt from the Burlington County Planning Board or the State Planning Commission;

iii. The municipality shall submit an itemized statement of the legal, planning, and other ancillary costs pursuant to 2:77-7.2 incurred to develop the TDR ordinance and associated elements, certified by the municipal treasurer or chief financial officer; and

iv. The municipality shall submit documentation that it has sufficient funding to provide its 50 percent match of the total planning assistance grants pursuant to 2:77-7.2(a).

N.J. Admin. Code § 2:77-7.7

Amended by R.2013 d.139, effective 12/16/2013.
See: 45 N.J.R. 495(a), 45 N.J.R. 2541(a).
Section was "Award of funding, disbursements, accounting and recordkeeping requirements". In the introductory paragraph of (c)2, inserted "Burlington County Planning Board pursuant to N.J.S.A. 40:55D-121 or the"; in (c)2i, substituted a semicolon for a period at the end; in (c)2ii, inserted "Burlington County Planning Board or the"; and in (c)2iii, inserted a comma following "planning".