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. 24, December 18, 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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