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| Environmental Infrastructure Loans |
| Loan Products |
There are three types of environmental infrastructure project loans:
New Jersey Environmental Infrastructure Financing Program (NJEIFP) Loans. Long term financing is available through an NJEIFP Loan for project construction and related costs. Click here for more information.
Planning and Design Loans are available to finance up to fifty percent of eligible engineering and design costs required in the initial phases of project development for projects anticipated to participate in the NJEIFP. These short-term loans are payable in the event a project does not receive an NJEIFP Loan.
Emergency Loans are available for emergency repairs to environmental infrastructure not currently seeking an NJEIFP Loan. Emergency Loan recipients are required to work with Program staff to develop an asset management plan. These short-term loans are payable in the event a project does not receive a NJEIFP Loan.
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NJEIFP Loans
General Program Loan Form Information
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IMPORTANT PROGRAM CHANGES FOR SFY2014 |
To apply for a New Jersey Environmental Infrastructure Financing Program Loan, project sponsors must comply with the Initial Submission (Letter of Intent and Planning and Design Document) and Loan Application requirements (State Loan, Project Design Documents, and Trust Loan Application) as set forth below.
All Application Forms are accessible through a secure website. If you have received login credentials click here to log into your account and begin your SFY2014 Letter of intent. Otherwise, please review the information below regarding Initial Submissions.
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NJEIFP Loans -
Initial Submissions
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Background. The submission of a letter of intent is the first step to securing an NJEIFP Loan.
All application related forms are now required to be submitted through a secure website. The NJEIFP Letter of Intent Submission process has been modified in recognition
of (1) the need to maintain accurate project sponsor information, (2) the reliance of many project sponsors on consultants to assist in completing of online forms, (3) the
necessity of ensuring online forms are submitted by the appropriate individuals. Click here to learn more about setting up your online account.
Submitting your letter of Intent: The Authorized Official will login to http://www.njeit.org/njeifp
and thereafter, designate the Authorized Representative. The Authorized Representative will login to http://www.njeit.org/njeifp and thereafter, create the Letter
of Intent and designate the Engineer and bond counsel. |
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Deadline |
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SFY2013
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SFY2014 |
| Letters of Intent |
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| - Track I |
Closed |
October 1, 2012 |
| - Track II "Formerly Second Chance" |
Closed |
March 4, 2013 |
| - Barnegat Bay Green Projects |
Closed |
N/A |
| Environmental Planning Documents |
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| - Track I |
Closed |
October 1, 2012 |
| - Track II "Formerly Second Chance" |
Closed |
April 1 2013 |
| - Barnegat Bay Green Projects |
Closed |
N/A |
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| NJEIFP Loans - Loan Applications |
Each Applicant is required to submit two loan applications: a State application and a Trust Loan application as well as a Local Finance Board application, Sizing memo and Pro Forma Debt Service Schedule as set forth below.
Instructions:
The following application requirements apply to all entities seeking project financing in the SFY2014 Financing Program. All Project applications, plans, specifications, and
technical design documents (Complete Application Package) received after the stated deadline shall be bypassed for funding in the SFY2014 Financing Program.
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| STATE LOAN APPLICATION |
Deadline |
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SFY2013 |
SFY2014 |
| Track I & Track II "Formerly Second Chance" Projects excluding Barnegat Bay Green |
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| - State Loan Applications: |
Closed |
March 4, 2013 |
| - Construction plans, specifications, and technical design documents: |
Closed |
April 1, 2013 |
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| Barnegat Bay Green Projects Only |
| - State Loan Applications: |
Closed |
N/A |
| - Construction plans, specifications, and technical design documents: |
Closed |
N/A |
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Submission Requirements
Only online State Loan Applications will be accepted. Only Authorized Representatives will be able to submit applications. A single form of application will be utilized for each project. An electronic submission is all that is required for the State Loan Application (Plans/Specs/Technical Design Documents must be submitted electronically with hard copies to NJDEP ).
NJDEP requires submission of 3 hard copies of plans, specifications, and technical design documents. Please send to the following address below:
For Regular USPS Deliveries:
Mail Code 401-03D
Bureau of Environmental and Engineering Reviews
NJ Department of Environmental Protection
Municipal Finance & Construction Element
P.O. Box 420
3rd Floor West Wing
Trenton, New Jersey 08625-0420
For Overnight Deliveries (FedEx/UPS):
Mail Code 401-03D
Bureau of Environmental and Engineering Reviews
NJ Department of Environmental Protection
Municipal Finance & Construction Element
401 East State Street
3rd Floor West Wing
Trenton, New Jersey 08625-0420
An electronic version must be submitted
to the NJEIT. The hard and electronic copies must be received by the NJDEP and NJEIT by the stated deadline.
The PDF documents can be sent to the NJEIT by uploading to an applicants' online folder located on
the Authorized Representatives njeit.org home page. |
 Loan Application: (Accessible by Authorized Representatives on the Secure Website). |
| Application for Land Acquisition Projects: (Use Loan Application above) |
| Supplemental Loan Applications. Please contact the NJEIT at 609-219-8600 for online application instructions.
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| Additional Information About Drinking Water Loans (DEP web site)
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| TRUST LOAN APPLICATION |
Deadline |
| Financial Addendum Form |
SFY2013 |
SFY2014 |
| - All Projects |
Closed |
TBA |
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| SFY2013 Pro Forma Debt Service Form |
TBA |
TBA |
| Trust Loan Applications (FAFs) (Accessible by Authorized Representatives on the Secure Website). |
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| NJEIFP - Interim Project Loans |
| Interim Project Loans are available exclusively for projects seeking bridge financing between project preaward approval and closing of the permanent project loan. Pre-award approval is issued upon an applicant’s compliance with all program requirements and permits. While Project construction is the primary activity to be financed under the Interim Project Loan, a portion of the financing may also be utilized for the cost of planning and administrative expenses. CLICK HERE for Interim Project Loan Eligibility Requirements. |
Interim Project Loan Financial Addendum Form (Interim Project Loan FAF)
Applicants should submit the Interim Project Loan FAF no later than 45
days prior to the date which loan disbursements are desired. If you
seek an Interim Project Loan prior to April 1, please contact the Trust
at 609-219-8600.
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Deadline
30 Days Before Loan Disbursement |
SFY2013 Interim Project Loan FAF: (Accessible by Authorized Representatives on the Secure Website).
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| Planning and Design Loans |
The NJEIT has developed the Interim Planning Loan program to provide financing for early stage project engineering costs incurred in completing environmental planning and engineering design work (P&D costs). Interim Planning Loans may be secured for P&D costs at any time throughout the calendar year (subject to compliance with program requirements). These loans are for projects that are anticipated to secure a NJEIFP loan.
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Deadline
N/A |
| Interim Planning Loan Applications: Please call 609-219-8600. |
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Emergency Loans
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Emergency Loans are avilable for the emergency repair of environmental infrastructure facilities for which an application for an NJEIFP loan is not currently under review. Although Emergency loans are typically for temporary repairs, the varied and unique nature of emergencies require a deterination based on the facts of each application. By their nature there is no application schedule for emergency loans.
Each emergency loan must be declared to be an emergency by the Department of Environmental Protection.
Each recipient of an emergency loan must agree to develop an asset management plan.
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| Emergency Loan Applications: Please call 609-219-8600. |
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