N.J. Admin. Code § 7:27D-4.3

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

Section 7:27D-4.3 - Amount of a grant

(a) The amount of the grant shall be determined at the time of award. The amount of the grant shall be based upon allowable project costs as described at 7:27D-4.1(d). In a given grant cycle, the Department may set a maximum grant amount in order to ensure that a reasonable number of awards are made Statewide, and/or that funding is made available to a range of project types.

(b) The Department may determine to fund some or all of the eligible projects, or to otherwise allocate full or partial funding among eligible projects, in light of the availability of funds and the evaluations and rankings pursuant to 7:27D-2.2, 2.3 and 4.7.