New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 47 - NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
Subchapter 4 - PROJECTS
Section 5:47-4.5 - Joint projects by more than one nonprofit organization; role of the lead agency

Universal Citation: NJ Admin Code 5:47-4.5

Current through Register Vol. 56, No. 18, September 16, 2024

(a) Projects may be submitted jointly by two or more nonprofit organizations. In all such cases, one nonprofit organization shall be designated in the application as the lead organization, and shall meet the criteria and accept responsibilities as set forth in this section.

(b) The lead organization shall document that it has adequate organizational capacity, as set forth in this section, to act as the lead organization for the project.

(c) The lead organization shall be responsible for providing the Department with all quarterly and annual progress reports and other monitoring information as set forth in 5:47-7.1.

(d) The project application shall set forth clearly the organizational relationship, reporting requirements, and other management information systems that will be established by the lead organization and the other nonprofit organizations undertaking the project to ensure that the activities will take place in a timely fashion, and that all necessary information will be provided to the lead organization, and by the lead organization to the Department.

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