New Jersey Administrative Code
Title 16 - TRANSPORTATION
Chapter 56 - AIRPORT GRANT AND LOAN PROGRAM
Subchapter 8 - LIABILITY AND PENALTIES
Section 16:56-8.2 - Penalties
Universal Citation: NJ Admin Code 16:56-8.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) If a recipient fails to comply with the terms of the agreement before the end of the useful life of an improvement or the completion of a program, the State shall be reimbursed for the unused portion of the useful life and, if not fully reimbursed, the State will have a first lien to the extent of the unreimbursed portion of the improvement or the program.
(b) Any person who knowingly or willfully makes a misrepresentation or false statement in an application or violates the provisions of this chapter may be subject to the fines and penalties as provided by Title 6 of the Revised Statutes.
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