New Jersey Administrative Code
Title 2 - AGRICULTURE
Chapter 77 - TRANSFER OF DEVELOPMENT RIGHTS
Subchapter 7 - PLANNING ASSISTANCE GRANTS
Section 2:77-7.7 - Award of funding, disbursements, accounting, and recordkeeping requirements
Universal Citation: NJ Admin Code 2:77-7.7
Current through Register Vol. 56, No. 18, September 16, 2024
(a) The Board shall base its award on the "Estimate of Costs" submitted pursuant to 2:77-7.4.
(b) In the case of an inter-municipal TDR planning assistance grant request, the Board shall award grants to participating municipalities as follows:
1. Up to 50 percent or
$ 40,000, whichever is less, for each municipality containing a receiving area(s)
that accepts greater or equal to 50 percent of the total credits from the sending
area(s); and
2. Up to 50 percent or $
20,000, whichever is less, for each participating municipality without a receiving
area(s) or with a receiving area that accepts less than 50 percent of the credits
from the sending area(s).
(c) The Board shall disburse the grant as follows:
1.
Fifty percent of the awarded amount shall be disbursed after the grant agreement is
executed; however, if the municipality has not yet adopted the master plan element
required in 2:77-7.3(a)2, no grant
money shall be disbursed until the plan element has been adopted; and
2. Fifty percent of the awarded amount shall be
disbursed upon submission of the TDR ordinance and associated elements to the
Burlington County Planning Board pursuant to
40:55D-121 or the State Planning
Commission as a part of a municipality's initial petition for plan endorsement by
the State Planning Commission pursuant to
52:18A-196 et seq. or as an amendment
to a previously approved petition pursuant to
52:18A-196 et seq.
i. The municipality shall notify and submit a
request for payment to the Board when the above requirement has been met;
ii. The municipality shall submit a letter of
receipt from the Burlington County Planning Board or the State Planning
Commission;
iii. The municipality shall
submit an itemized statement of the legal, planning, and other ancillary costs
pursuant to 2:77-7.2 incurred to develop the TDR
ordinance and associated elements, certified by the municipal treasurer or chief
financial officer; and
iv. The
municipality shall submit documentation that it has sufficient funding to provide
its 50 percent match of the total planning assistance grants pursuant to
2:77-7.2(a).
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