New Jersey Administrative Code|Section 9A:13-1.7 - Cancellation or reduction in grants

§ 9A:13-1.7. Cancellation or reduction in grants

(a) The Secretary may reduce or cancel entirely the amount of a grant if the amounts are not committed within 18 months of the allocations made by the Secretary. Funds will be considered committed when an agreement has been entered into between an institution and the Authority.

(b) No reduction in the grant shall be made pursuant to (a) above if:

1. The request for approval has been received by Secretary within 18 months of the allocation;

2. The facility in which the technology infrastructure will be housed is under construction or renovation;

3. Delays are the result of Federal, State, or local governmental approvals or regulatory requirements not attributable to the institution; or

4. Other compelling and documentable reasons exist as determined by the Secretary.

(New Rule, R.2013 d.072, effective May 6, 2013.
See: 45 N.J.R. 92(a), 45 N.J.R. 1132(a).
Former N.J.A.C. 9A:13-1.7, Reporting requirements, recodified to N.J.A.C. 9A:13-1.8.)

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