New Jersey Administrative Code
Title 5 - COMMUNITY AFFAIRS
Chapter 47 - NEIGHBORHOOD REVITALIZATION STATE TAX CREDIT
Subchapter 9 - NEIGHBORHOOD REVITALIZATION NON-LAPSING TRUST FUND; USE OF INTEREST PROCEEDS
Section 5:47-9.3 - Use of funds

1. To qualified entities to provide training and technical assistance to nonprofit organizations eligible to prepare plans and submit projects for tax credit assistance. Areas of training and technical assistance may include, but shall not be limited to, assistance in preparing neighborhood revitalization plans and developing projects based on those plans; developing technical capacity to implement projects and related neighborhood revitalization activities; and building management and financial capacity among nonprofit organizations engaged in neighborhood revitalization activities. Qualified entities shall be public, private or nonprofit entities that have demonstrated through the conduct of successful programs and activities their ability to provide training and technical assistance to nonprofit organizations carrying out community development and neighborhood revitalization activities;

2. To nonprofit organizations to carry out planning activities consistent with N.J.A.C. 5:47-3;

3. Other activities to improve the capacity of nonprofit organizations to plan and carry out neighborhood revitalization activities eligible for tax credit assistance; or

4. Marketing activities, including, but not limited to, presentations, workshops and preparation of materials, designed to inform business and corporate entities about the opportunities available to provide assistance and obtain tax credit benefits.