Statutes, codes, and regulations
New Jersey Administrative Code
Title 7 - ENVIRONMENTAL PROTECTIONChapter 36 - GREEN ACRES PROGRAM
Subchapter 5 - LOCAL GOVERNMENT UNIT ACQUISITION PROJECTS: FUNDING AWARD CATEGORIES
Section 7:36-5.1 - Funding award categories

N.J. Admin. Code § 7:36-5.1

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Current through Register Vol. 56, No. 24, December 18, 2024
Section 7:36-5.1 - Funding award categories
(a) The Garden State Preservation Trust awards Green Acres funding to local government units for acquisition projects in the four funding award categories set forth in (b) through (e) below.
(b) A Planning Incentive acquisition project is the purchase of a project site by a Qualifying Open Space Referendum County or Qualifying Open Space Referendum Municipality that has an Open Space and Recreation Plan. A Planning Incentive acquisition project is funded by a matching grant of up to 50 percent of the cost of acquisition. If funds are available, a Planning Incentive acquisition project also shall be eligible for a low-interest (not more than two percent) loan to supplement the matching grant.
1. The Garden State Preservation Trust may authorize an increase in the State's share of the cost to a maximum of a matching grant of up to 75 percent of the cost of acquisition, upon a demonstration of special need or exceptional circumstances.
(c) A Site Specific Incentive acquisition project is the purchase of a project site by a Qualifying Open Space Referendum County or Qualifying Open Space Referendum Municipality that does not have an Open Space and Recreation Plan. A Site Specific Incentive acquisition project is funded by a matching grant of up to 50 percent of the cost of acquisition. If funds are available, a Site Specific Incentive acquisition project also shall be eligible for a low-interest (not more than two percent) loan to supplement the matching grant.
1. The Garden State Preservation Trust may authorize an increase in the State's share of the cost to a maximum of a matching grant of up to 75 percent of the cost of acquisition, upon a demonstration of special need or exceptional circumstances.
(d) An Urban Aid acquisition project is the purchase of a project site located in an Urban Aid municipality. An Urban Aid acquisition project is funded by a matching grant of up to 50 percent of the cost of acquisition. If funds are available, an Urban Aid acquisition project also shall be eligible for a low-interest (not more than two percent) loan to supplement the matching grant.
1. The Garden State Preservation Trust may authorize an increase in the State's share of the cost to a maximum of a matching grant of up to 75 percent of the cost of acquisition, upon a demonstration of special need or exceptional circumstances.
(e) A Standard acquisition project is the purchase of a project site that is not located in an Urban Aid municipality or sponsored by a Qualifying Open Space Referendum County or a Qualifying Open Space Referendum Municipality. A Standard acquisition project is the purchase of a project site that generally consists of one parcel or a unified group of parcels. A Standard acquisition project is funded by a matching grant of up to 25 percent of the cost of acquisition. If funds are available, a Standard acquisition project also shall be eligible for a low-interest (not more than two percent) loan to supplement the matching grant.
1. The Garden State Preservation Trust may authorize an increase in the State's share of the cost to a maximum of a matching grant of up to 50 percent of the cost of acquisition, upon a demonstration of special need or exceptional circumstances.
(f) An acquisition project will compete in each funding round against other projects within the same funding award category, as described at N.J.A.C. 7:36-7.2.

N.J. Admin. Code § 7:36-5.1