Application Evaluation and Review

Application Evaluation and Review

Following submission of a full Project Loan Application in H2Loans (completing steps 1-4 above), the application will proceed through the following evaluation and review process by staff of DEP and the I-Bank:

  1. Preliminary administrative review to determine the completeness of the application. The applicant will be notified of the completeness or deficiency of the application;
  2. Programmatic, technical, and scientific evaluation to determine the merit and relevance of the project to the Department's program objectives;
  3. Budget evaluation to determine whether proposed project costs are reasonable, applicable, and allowable; and
  4. Final administrative evaluation.

Water Bank staff estimates that it takes 120 calendar days after receipt of a complete loan application, including all required documents, to complete initial agency reviews. However, at any stage during the evaluation process, DEP or the I-Bank may require supplemental documents or information necessary to complete full review of the application. In fact, it takes many applicants significantly longer than 120 days if they have not submitted complete application information. In addition, if applicant resources are diverted from the loan application to other matters, the Water Bank will temporarily suspend its evaluation until the applicant is prepared to proceed with the project application.

TIP: REMEMBER TO BUILD IN TIME FOR YOUR PROJECT SCHEDULE FOR DEP TO CONDUCT THE REQUIRED REVIEWS, AND TO COMMUNICATE REGULARLY WITH WATER BANK STAFF.

Application Evaluation and Review
MENU
NEW JERSEY INFRASTRUCTURE BANK APPLICANT'S GUIDE