New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 76 - STATE AGRICULTURE DEVELOPMENT COMMITTEE
Subchapter 12 - NONPROFIT ACQUISITION PROJECTS: PROJECT ELIGIBILITY, CONDITIONS AND LIMITATIONS
Section 2:76-12.6 - Allowable project costs
Universal Citation: NJ Admin Code 2:76-12.6
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The following costs are allowable, provided the costs are incurred in conformance with all applicable laws:
1. Costs which the nonprofit incurs to
acquire farmland in fee simple title or to acquire a development easement based on
the Committee's approved grant;
2. Costs
which the nonprofit incurs for any appraisal obtained in accordance with
2:76-13.5;
3. Costs which the nonprofit incurs for surveys
necessary for the acquisition of a development easement or the acquisition of fee
simple title to farmland; and
4. Costs
which the nonprofit incurs for obtaining a title search and title
insurance.
(b) The following costs are not allowable:
1. Administrative, legal
and operating costs related to the acquisition;
2. Salaries and/or wages of employees of the
nonprofit;
3. Real property taxes;
and
4. Costs associated with an
application for Committee funding that is not approved under
2:76-13.4.
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