N.J. Admin. Code § 7:1A-2.11

Current through Register Vol. 56, No. 21, November 4, 2024

Section 7:1A-2.11 - Notice of intent

(a) The Department shall send a Notice of Intent to Award a loan to those approved applicants ranking high enough on the appropriate priority list, if applicable, to receive funds.

(b) The applicants receiving a Notice of Intent to Award a loan shall obtain all necessary Federal, State and local permits and approvals within six months of receipt of the Notice of Intent to Award a loan. Failure to obtain the required permits within the required time period shall make the project ineligible for a loan for that application period unless prior approval for an extension has been granted by the Department pursuant to 7:1A-2.12(h).

(c) If subsequent to the issuance of a Notice of Intent to Award, the applicant discovers that costs will exceed those previously estimated, or that the scope of the project will be modified, or any other circumstances appear which affect the award of priority points, the applicant shall notify the Department immediately. The Department shall then recalculate, if appropriate, the applicant's priority determination utilizing the new information submitted.

1. At the discretion of the Department, the Notice of Intent to Award may be recalled if the revised priority determination indicates that some other project should be given priority for selection or that sufficient funds would not be available for the project, or that the project no longer meets exigency standards as defined at 7:1A-5.2(b).

2. In addition, if any changes in the project costs, scope or other circumstances result in a reduction in the total eligible loan amount from the total amount specified in the Notice of Intent to Award, the Notice of Intent to Award may be recalled and revised to reflect the irrevocable reduction in the total eligible loan amount approved for the project.

(d) Any applicant receiving a Notice of Intent to Award who decides not to proceed with a project shall notify the Department within 30 days of the date of the notice. Failure to notify the Department within this time period will result in the application being removed from consideration for a loan in the current application period, as applicable.

(e) Applicants with approved projects on a priority list that are not awarded loans in any application period, as applicable, who wish to apply for a position on any subsequent priority list in any subsequent application period, may apply by a timely filing of a new water supply loan application form and by updating the other application documents required by 7:1A-2.4. This application will be treated as a new application for a water supply loan and evaluated in accordance with this chapter.

N.J. Admin. Code § 7:1A-2.11

As amended, R.1984 d.232, effective 6/18/1984.
See: 16 New Jersey Register 631(a), 16 New Jersey Register 1479(a).
(a)-(e) were recodified with changes, from (i)-(m) of the original text of N.J.A.C. 7:1A-2.12, "Priority determination".
(a)-(h) of that text are now found at N.J.A.C. 7:1A-3.2.
Amended by R.1992 d.252, effective 6/15/1992.
See: 24 New Jersey Register 707(a), 24 New Jersey Register 2245(a).
Reference to Division changed to Department.