N.J. Admin. Code § 19:75-3.4

Current through Register Vol. 56, No. 19, October 7, 2024

Section 19:75-3.4 - Certificates for approved facilities; general; renewals

(a) Certificates for approved facilities are non-transferable. A certificate for an approved facility shall be void upon a significant change in ownership of the property or the approved facility.

(b) Certificates for approved facilities shall be issued for a period of one year.

(c) On or before 120 days prior to the expiration of a certificate for an approved facility, the holder of a certificate for an approved facility shall file with the Authority a written application for renewal of the certificate. Such renewal application shall contain a certification by the certificate holder that the approved facility complies with all the terms and conditions set forth in the certificate for approved facility and with the requirements of this chapter, including any amendments thereto since the Authority's issuance of the current certificate.

(d) Failure to apply for renewal of a certificate for an approved facility within the time provided for herein shall result in the expiration of such certificate three years from the date of issuance. An owner whose certificate for an approved facility has expired may file a new application for a certificate pursuant to the provisions of 19:75-3.2 at any time.

(e) The holder of a certificate for an approved facility shall on or before December 31 of each year while the certificate is in effect submit to the Authority a certification stating that the approved facility continues to operate in compliance with all terms and conditions of its certificate, or any operational revisions which are not in compliance with all terms and conditions. The Authority shall determine, in its sole discretion, whether such revisions require the submission of an amended application for an amended certificate. The failure of the holder of a certificate to submit an amended application, if required, shall result in revocation of the certificate.

(f) The holder of a certificate for an approved facility shall report any change in its list of shareholders or partners with 10 percent or more of the stock or other interest in the certificate holder to the Authority in writing within 10 days of the effective date of such change.

N.J. Admin. Code § 19:75-3.4