New Jersey Administrative Code
Title 9A - HIGHER EDUCATION
Chapter 15 - RULES AND PROCEDURES FOR IMPLEMENTATION OF THE HIGHER EDUCATION FACILITIES TRUST FUND ACT
Subchapter 1 - GENERAL PROVISIONS
Section 9A:15-1.3 - Project eligibility
Universal Citation: NJ Admin Code 9A:15-1.3
Current through Register Vol. 56, No. 18, September 16, 2024
(a) Moneys from the trust fund shall be awarded in the form of grants to New Jersey's public and private institutions of higher education for the cost, or a portion of the cost, of the construction, reconstruction, development, extension, or improvement of instructional, laboratory, communication, and research facilities.
(b) For a project to be eligible to receive a grant, the institution must:
1. Have an up-to-date long-range facilities plan approved by the institution's governing board that includes provisions to address deferred maintenance and other capital renewal requirements and pledges to use the facilities trust fund grant to advance that plan;
2. Commit, by resolution of its governing board, to maintaining the facilities project funded by the grant; and
3. Certify that it will use the funds for the cost, or a portion of the cost, of the construction, reconstruction, development, extension, or improvement of instructional, laboratory, communication, and research facilities.
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