N.J. Admin. Code § 5:100-2.9

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

Section 5:100-2.9 - Matching funds: historic site management grants

(a) To be eligible for a historic site management grant for a historic preservation project under these rules, the applying local government unit and nonprofit organization shall, as part of the application for a historic preservation grant, demonstrate the ability to match the grant request by generating $ 1.00 in funds for every $ 3.00 of grant money requested in the application. Evidence of applicant match must be presented at time of application.

(b) Funds derived from the sale of debt of the State of New Jersey or special appropriations by the Legislature or from other grant or loan programs funded by the State shall not be used as the matching share of project costs.

(c) Funds raised by the applicant up to two years prior to June 30, 1999, for historic preservation projects, and of which the project described in the application is a significant and substantial part, may satisfy the matching funds requirement enumerated in (a) above if:

1. As part of the application, the applicant submits plans and specifications or other items documenting the expenditure of funds by the applicant and describing the work performed;

2. The Trust determines that the work performed is an integral part of the historic preservation project described in the application; and

3. The work was performed in accord with the Secretary of the Interior's Standards.

(d) An applicant's matching share shall consist only of eligible cash raised by the applicant except as provided in (b) above or funds spent by applicant on an on-going historic preservation project as provided in (c) above.

N.J. Admin. Code § 5:100-2.9