N.J. Admin. Code § 7:36-19.1

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

Section 7:36-19.1 - Approval or denial of application; award of funding; procedural letter

(a) Based on available funding, the number of nonprofit acquisition applications received in its funding award category, and the ranking and evaluation methods described at 7:36-18.2, the Department shall make a recommendation for approval or denial of a nonprofit application for an acquisition project to the Garden State Preservation Trust.

(b) If the application is approved by the Garden State Preservation Trust, the Department shall notify the nonprofit in writing of the amount of the Green Acres funding award, which is subject to legislative appropriation.

(c) If the application is denied by the Garden State Preservation Trust, the Department shall notify the nonprofit in writing of the reason for the denial.

(d) After the notification of a funding award under (b) above, and after the funding award has received legislative appropriation, Green Acres shall send the nonprofit a procedural letter that contains instructions for preparing the items required for disbursement of funding under 7:36-20.4, including the deed, title insurance policy, and survey. The procedural letter shall additionally direct the nonprofit to:

1. Obtain and submit to Green Acres a preliminary assessment of the project site in accordance with 7:36-19.2; and

2. Obtain and submit to Green Acres the appraisals required under 7:36-19.3.

N.J. Admin. Code § 7:36-19.1