7:6A-3.4 Disbursement of grant funds
(a) The Department may provide for advanced payments to grant recipients on a case-by-case basis. Advanced payments shall not exceed 50 percent of the total grant amount.
(b) Progress payments may be requested by an applicant provided that proper documentation of the expenditures and a certification has been submitted to the Department.
(c) The sum of advanced payments and progress payments shall not exceed 75 percent of the total project costs.
(d) Final payment for the project shall be made following receipt and acceptance by the Department of all agreed upon work product(s) of a project, and upon compliance with all terms of the project agreement required under N.J.A.C. 7:6A-4.3(a).