N.J. Admin. Code § 7:22-6.3

Current through Register Vol. 56, No. 24, December 18, 2024

Section 7:22-6.3 - Purpose

(a) This subchapter is promulgated for the following purposes:

1. To implement the purposes and objectives of the Pinelands Infrastructure Trust Bond Act of 1985 ( P.L. 1985, c.302) and future bond acts;

2. To establish policies and procedures for the distribution of funds appropriated pursuant to the Pinelands Infrastructure Trust Bond Act of 1985 and other monies appropriated to the Pinelands Infrastructure Trust Fund, as well as future bond acts passed, for the purpose of providing financial assistance to local government units through the issuance of Pinelands grants and loans for the costs planning and design, in accordance with N.J.A.C. 7:22-6.11(e), (f), and (g), and the construction of wastewater treatment facilities necessary to accommodate development in the regional growth areas as defined in the comprehensive management plan. As they are enacted, reference to such bond acts shall be added to this paragraph through a notice of administrative change published in the New Jersey Register, pursuant to N.J.A.C. 1:30-2.7;

3. To protect the public and the State by insuring that Pinelands Infrastructure Trust funds appropriated are spent in a proper manner and for the intended purposes;

4. To assure that the distribution and use of Pinelands Infrastructure Trust funds is consistent with the laws and policies of the State;

5. To establish minimum standards of conduct to prevent conflicts of interest and to insure proper administration of Pinelands Infrastructure Trust funds;

6. To establish accounting procedures for the administration of Pinelands Infrastructure Trust funds;

7. To establish Pinelands loan repayment requirements for projects receiving loans; and

8. To establish standards for the construction of wastewater treatment facilities.

N.J. Admin. Code § 7:22-6.3

Amended by R.1995 d.494, effective 9/5/1995.
See: 27 New Jersey Register 1536(a), 27 New Jersey Register 3403(a).