{"id":5178,"date":"2023-03-06T17:51:39","date_gmt":"2023-03-06T17:51:39","guid":{"rendered":"https:\/\/deptest.nj.gov\/srp\/?page_id=5178"},"modified":"2023-07-31T15:00:31","modified_gmt":"2023-07-31T15:00:31","slug":"hdsrf-changes-a1954","status":"publish","type":"page","link":"https:\/\/deptest.nj.gov\/srp\/finance\/hdsrf\/hdsrf-changes-a1954\/","title":{"rendered":"HDSRF Changes A1954"},"content":{"rendered":"

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Hazardous Discharge Site Remediation Fund (HDSRF) – Changes Due To A1954 (January 16, 2018)<\/h4>\n

HDSRF Changes as a result of A1954<\/a> Download [pdf]<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
Financial Assistance & Grants<\/th>\nPrior Law<\/th>\nNew Changes<\/th>\nChange<\/th>\n<\/tr>\n
Innovative Technology Grant<\/td>\nGrant Eligible<\/td>\nEliminated.<\/td>\nEliminating Innovative Technology Grants<\/td>\n<\/tr>\n
Limited Restricted Use portion of the Limited Restricted\/
\nUnrestricted Use Grant<\/td>\n		Grant Eligible<\/td>\nEliminated.<\/td>\nEliminating the Limited Restricted Use Grants<\/td>\n<\/tr>\n
Innocent Party Grants<\/td>\nGrant Eligible<\/td>\nEliminated.<\/td>\nEliminating Innocent Party Grants<\/td>\n<\/tr>\n
Maximum loan to a person<\/td>\n$1,000,000\/Year<\/td>\n$500,000\/Year<\/td>\nReduction of $500,000.<\/td>\n<\/tr>\n
Recreation & Conservation Grants (Statewide Cap)<\/td>\n$5,000,000\/Year<\/td>\n$2,500,000\/Year<\/td>\nReduction of $2,500,000\/year.<\/td>\n<\/tr>\n
Maximum in Grants\/Loans to Public Entity<\/td>\n$3,000,000\/Year<\/td>\n2,000,000\/Year<\/td>\nReduction of $1,000,000.<\/td>\n<\/tr>\n
Maximum in Grants to Public Entity with BDAs<\/td>\nAdditional $2,000,000\/Year<\/td>\nAdditional $1,000,000\/Year<\/td>\nReduction of $1,000,000<\/td>\n<\/tr>\n
Timeframe for Completion of Preliminary Assessment (PA) or Site Investigation (SI)<\/td>\nNo completion date specified.<\/td>\nCompleted within 2 years of financial assistance or grant award date.<\/td>\nSpecifies a time frame for the completion of the PA or SI. Award will be cancelled if the time is exceeded.<\/td>\n<\/tr>\n
Timeframe for Completion of a Remedial Investigation (RI).<\/td>\nNo completion date specified.<\/td>\nCompletion within 5-years of financial assistance or grant award date.<\/td>\nSpecifies a time frame for the completion of the RI. Award will be cancelled if the time is exceeded.<\/td>\n<\/tr>\n
Demonstrate Awards are or will be fully spent prior to supplemental awards being granted<\/td>\nNo prior requirement.<\/td>\nMust demonstrate that the full amount of previous financial assistance spent or will be spent prior to seeking additional award for same property.<\/td>\nDemonstrate all previous awards have been or will be fully expended before additional awards can be obtained for the same property.<\/td>\n<\/tr>\n
Prioritization<\/td>\n\n
    \n
  1. Imminent Threat<\/li>\n
  2. Planning Areas 1&2<\/li>\n
  3. Date Received<\/li>\n<\/ol>\n<\/td>\n
\n
    \n
  1. Imminent Threat<\/li>\n
  2. BDA<\/li>\n
  3. Planning Areas 1&2<\/li>\n
  4. Date Received<\/li>\n<\/ol>\n<\/td>\n
BDA sites inserted as 2nd Priority<\/td>\n<\/tr>\n
Prioritization<\/td>\nReadiness to proceed not previously part of criteria for prioritization.<\/td>\nReadiness to proceed is now a factor to be considered in prioritization<\/td>\nReadiness to proceed becomes a factor in the prioritization of grants.<\/td>\n<\/tr>\n
Realistic Opportunity vs. Commitment<\/td>\nProvide Resolution stating that there is a realistic opportunity to develop site within 3 years from completion of remediation<\/td>\nEDA to develop criteria for government agencies to show a commitment to develop the property.<\/td>\nCriteria to be developed to show Commitment to development of site upon completion of remediation.<\/td>\n<\/tr>\n
Funds dedicated to non-BDA PA\/SI\/RI Grants<\/td>\nNo specific allocation<\/td>\n30% of Fund allocated to PA\/SI\/RI grants for sites not within a Brownfield Development Area (BDA)<\/td>\nAllocation of 30% of Funding to non-BDA PA\/SI\/RI grants<\/td>\n<\/tr>\n
Tax Clearance Certificate<\/td>\nMunicipalities were not required to provide a Tax Clearance Certification<\/td>\nMunicipalities are required to provide a Tax Clearance Certification<\/td>\nChange in EDA policy requiring Tax Clearance Certification (not a A1954 change)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

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Topics<\/h5>\n