New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 14 - RULES AND PROCEDURES FOR IMPLEMENTATION OF THE HIGHER EDUCATION EQUIPMENT LEASING FUND ACT
Subchapter 1 - GENERAL PROVISIONS
Section 9A:14-1.4 - Application review and approval process

Universal Citation: NJ Admin Code 9A:14-1.4

Current through Register Vol. 56, No. 6, March 18, 2024

(a) The Secretary shall conduct a review of the applications. Such applications will be reviewed based on:

1. The completed application bearing the earliest submission date;

2. A competitive application process whereby all applications will be submitted by a date certain and will be evaluated to determine which applications are the most qualified to receive funding.

(b) In determining whether a proposed higher education equipment purchase shall be approved, the Secretary shall consider the degree to which the proposed purchase supports the following objectives:

1. Improvement and expansion of educational opportunities for students;

2. Promotion of academic research excellence, workforce readiness, and the enhancement of the State's academic and economic competitiveness and prosperity by assisting in the production of a highly skilled workforce;

3. Consistency with the institution's educational mission;

4. Consistency with the institution's long-range facilities plan;

5. The cost-effectiveness of the purchase;

6. Demonstrated commitment over the past 10 years to appropriate maintenance of equipment previously funded by State of New Jersey grant programs;

7. Supports industry-valued credentialing programs and experiential learning opportunities; and

8. Enrichment of existing material and coursework in support of current academic curricula.

(c) Preference will be given to projects that promote energy efficiency.

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