New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 101 - GARDEN STATE HISTORIC PRESERVATION TRUST FUND GRANTS PROGRAM
Subchapter 3 - ALLOCATION OF HISTORIC PRESERVATION GRANT FUNDS
Section 5:101-3.13 - Reallocation of lapsed grant funds
Universal Citation: NJ Admin Code 5:101-3.13
Current through Register Vol. 56, No. 18, September 16, 2024
(a) At the discretion of the Trust, funds from lapsed or terminated projects may be:
1.
Reallocated to the Fund for distribution under a future round of funding;
or
2. Reallocated to unforeseen
construction expenses or other historic preservation grant-aided projects.
Reallocated funds are limited to those preservation costs outlined in the grant
agreement. Reallocated funds shall not exceed 20 percent of the historic
preservation grant. The process for the reallocation of said funds shall be
determined by the Trust.
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