New Jersey Administrative Code
Title 16 - TRANSPORTATION
Chapter 89 - FERRY CAPITAL IMPROVEMENT PROGRAM
Subchapter 3 - FERRY CAPITAL IMPROVEMENT PROGRAM FUNDING
Section 16:89-3.2 - Eligible and ineligible uses of allocated FCIP funds
Universal Citation: NJ Admin Code 16:89-3.2
Current through Register Vol. 56, No. 18, September 16, 2024
(a) FCIP expenditures made shall apply only to ferry passenger service capital improvements and/or capital maintenance.
(b) Allocated FCIP funds may be used for the following types of expenditures with the approval of NJ TRANSIT supporting ferry passenger service:
1. Purchase of waterborne craft
and buses used for revenue service, which must be maintained in revenue service for
their prescribed useful lives;
2.
Rehabilitation of NJ TRANSIT purchased waterborne craft and buses, including, but
not limited to, the complete overhaul of boat engines and propulsion systems,
purchase of complete ferry engines or propulsion system, bus engines, and/or
transmissions, structural rehabilitation, HVAC rehabilitation, and seat/cover
replacements. The purchase or repair of component parts that are included in the
normal operating maintenance of equipment or facilities or are being replaced on a
regularly scheduled basis is not permitted;
3. Rehabilitation of operator owned/leased
waterborne craft and buses, as described in (b)2 above, used in ferry passenger
service;
4. Improvements to facilities
used principally to support the operation of ferry passenger service;
5. Capital equipment purchases, including, but not
limited to, electronic fare equipment, radios, and maintenance equipment;
and
6. Purchase of non-revenue vehicles
used to support revenue operations.
(c) Allocated FCIP funds may not be used for the following types of expenditures:
1. Operating or
routine maintenance expenses;
2.
Compensation of any owner, officer, employee, or general administrative
expenses;
3. The purchase of component
parts;
4. Fuel storage facilities and
related equipment;
5. Office furniture;
or
6. Interest on debt
service.
Disclaimer: These regulations may not be the most recent version. New Jersey may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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