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 5:101-3.5 - Commencement of project and payment: historic site management, MCRP, and heritage tourism grants

(a) For historic site management, MCRP, and heritage tourism grants, a grant agreement must be in effect within 18 months of the effective date of the appropriation by law of the funds for the grant, or the grant for that historic preservation project shall lapse into the Fund.

(b) As defined in the grant agreement, any work on a historic preservation project funded with a historic site management, MCRP, or heritage tourism grant awarded pursuant to the Act shall commence within 18 months of the effective date of the appropriation by law of the funds for the grant, or the grant for that historic preservation project will lapse into the Fund.

(c) After funds for the grant have been appropriated by the Legislature, the grant agreement has been fully executed, and all eligibility requirements have been met, the grant recipient will be reimbursed for expenditures incurred for historic preservation activities which are eligible for funding and which are within the scope of the historic preservation project described in the grant agreement subject to the Trust's approval of documents submitted pursuant to (d) below. Total reimbursements cannot exceed the amount of the grant.

(d) Disbursement of 80 percent of the grant is to be made under (c) above once documentation of the following has been received by the Trust:

(e) Twenty percent of each grant is to be retained by the Trust until the project has been completed and met financial and project requirements, including submission of required reports.

(f) For projects where the grantee is a State agency, at its discretion, the Trust may advance 100 percent of the grant.