New Jersey § 58:10b-8

§ 58:10b-8.

a. The authority shall, by rule or regulation: (1) require a financial assistance or grant recipient to provide to the authority,

as necessary or upon request, evidence that financial assistance or grant moneys are

being spent for the purposes for which the financial assistance or grant was made,

and that the applicant is adhering to all of the terms and conditions of the financial

assistance or grant agreement; (2) require the financial assistance or grant recipient to provide access at reasonable

times to the subject property to determine compliance with the terms and conditions

of the financial assistance or grant; (3) establish a priority system for rendering financial assistance or grants for remediations

identified by the department as involving an imminent and significant threat to a

public water source, human health, or to a sensitive or significant ecological area

pursuant to subsection a. of section 28 of P.L.1993, c. 139 ( C.58:10B-6 ); (4) (Deleted by amendment, P.L.2009, c. 60 ); (5) provide that an applicant for financial assistance or a grant pay a reasonable

fee for the application which shall be used by the authority for the administration

of the loan and grant program; (6) provide that where financial assistance to a person other than a municipality,

a county, or a redevelopment entity authorized to exercise redevelopment powers pursuant

to section 4 of P.L.1992, c. 79 ( C.40A:12A-4 ), is for a portion of the remediation cost, that the proceeds thereof not be disbursed

to the applicant until the costs of the remediation for which a remediation funding

source has been established has been expended; (7) provide that the amount of a grant for the costs of a remedial action shall not

include the cost to remediate a site to meet residential soil remediation standards

if the local zoning ordinances adopted pursuant to the “Municipal Land Use Law,” P.L.1975,

c. 291 ( C.40:55D-1 et seq. ) do not allow for residential use; (8) adopt criteria, which must be met by a municipality, county, or redevelopment entity

authorized to exercise redevelopment powers pursuant to section 4 of P.L.1992, c. 79 ( C.40A:12A-4 ) that applies for a grant pursuant to paragraph (2) of subsection a. of section 28

of P.L.1993, c. 139 ( C.58:10B-6 ), that the subject real property will be developed or redeveloped within a three-year

period from the completion of the remediation; and (9) adopt such other requirements as the authority shall deem necessary or appropriate

in carrying out the purposes for which the Hazardous Discharge Site Remediation Fund

was created. b. An applicant for financial assistance or a grant shall be required to: (1) provide proof, as determined sufficient by the authority, that the applicant,

where applicable, cannot establish a remediation funding source for all or part of

the remediation costs, as required by section 25 of P.L.1993, c. 139 ( C.58:10B-3 ). The provisions of this paragraph do not apply to grants to innocent persons, grants

for the use of innovative technologies, or grants for the implementation of unrestricted

use remedial actions or limited restricted use remedial actions or to financial assistance

or grants to municipalities, counties, or redevelopment entities authorized to exercise

redevelopment powers pursuant to section 4 of P.L.1992, c. 79 ( C.40A:12A-4 ); and (2) demonstrate the ability to repay the amount of the financial assistance and interest,

and, if necessary, to provide adequate collateral to secure the financial assistance

amount. c. Information submitted as part of a loan or grant application or agreement shall

be deemed a public record subject to the provisions of P.L.1963, c. 73 ( C.47:1A-1 et seq. ). d. In establishing requirements for financial assistance or grant applications and

financial assistance or grant agreements, the authority: (1) shall minimize the complexity and costs to applicants or recipients of complying

with such requirements; (2) may not require financial assistance or grant conditions that interfere with the

everyday normal operations of the recipient's business activities, except to the extent

necessary to ensure the recipient's ability to repay the financial assistance and

to preserve the value of the loan collateral; and (3) shall expeditiously process all financial assistance or grant applications in

accordance with a schedule established by the authority for the review and the taking

of final action on the application, which schedule shall reflect the degree of complexity

of a financial assistance or grant application.