N.J. Admin. Code § 6A:25-3.2

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

Section 6A:25-3.2 - Application review and approval

(a) The deadline for accepting applications shall be July 1 annually.

(b) The Department must assess each application to determine on a first-come, first-served basis if it is complete. The Department must verify the school facilities project in the application is the same as the previously approved school facilities project. If the application is determined to be incomplete, the Department must inform the school district in writing, listing all deficiencies and missing required information. If the application is determined to be complete, the Department must review the application for eligibility for QZAB funding within 30 days of the determination of completeness.

(c) The Department must approve all applications that meet the QZAB Program requirements as described or referenced in this chapter, subject to the availability of bond cap under 26 U.S.C. § 54E.

(d) If a school district's application is approved, the Department must notify the school district that a qualified zone academy(ies) in the school district is eligible for QZAB funding. The Department must also provide notice to the NJEDA of school district eligibility for QZAB funding. State share funded through QZAB financing will be available in the same way that State share funded through other financing is available for school facilities projects approved pursuant to EFCFA, that is, available pursuant to 18A:7G-5, 9, 10, or 15 as applicable.

(e) If a school district's application does not meet the QZAB Program requirements, the Department must notify the school district in writing, informing it of the reason for the denial.

N.J. Admin. Code § 6A:25-3.2

Adopted by 47 N.J.R. 715(a), effective 4/6/2015.