Tuesday, July 5, 2022

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Higher Education Capital Improvement Fund (CIF) (New Jersey)

 
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    CFDA#

     

    Funder Type

    State Government

    IT Classification

    A - Primarily intended to fund technology

    Authority

    New Jersey Educational Facilities Authority

    Summary

    The purpose of the Higher Education Capital Improvement Fund (CIF) is to provide grants that assist New Jersey's public and private four-year institutions for the cost, or a portion of the cost of the renewal, renovation, improvement, expansion, construction, and reconstruction of their facilities and technology infrastructure. Each institution shall use the grants for existing renewal and renovation needs at an instructional, laboratory, communication, research, and administrative facilities.


    Projects will be evaluated based on the following criteria:

    • Improvement and expansion of educational opportunities for students;
    • Promotion of academic research excellence, workforce readiness and the enhancement of the State's academic and economic competitiveness and prosperity by assisting in the production of a highly skilled workforce;
    • Consistency with the institution's educational mission;
    • Consistency with the institution's long-range facilities plan;
    • The cost effectiveness of the CIF Project;
    • The degree to which the CIF Project is construction ready;
    • Demonstrated commitment over the past ten (10) years to appropriate maintenance of facilities previously funded by State of New Jersey grant programs;
    • Directly addresses deferred maintenance concerns or projects that will mitigate the need for future maintenance; and
    • Preference will be given to projects that promote energy efficiency.
     

    History of Funding

    None is available.

    Additional Information

    An institution may use up to 20% of a grant within student-support facilities for renewal and renovation or improvement, expansion, construction, and reconstruction. If all renewal and renovation is completed at instructional, laboratory, communication, research, and administrative facilities or is accounted for through other funding sources, or if an institution is granted an exemption by the Commission on Higher Education for the purpose of maximizing federal grant fund recoveries or for the purpose of replacing a building when projected renewal and renovation costs exceed the projected cost of replacement, then grant funds may be used for the improvement, expansion, construction, and reconstruction of instructional, laboratory, communication, and research facilities, or technology infrastructure.


    The statute defines technology infrastructure as video, voice, and data telecommunications equipment and linkages that has a life expectancy of at least 10 years.

     The CIF program will be funded by money received from the issuance of bonds, an annual appropriation from the net proceeds of the State lottery established in an amount sufficient to pay the principal and interest on the bonds or notes, any money appropriated directly by the state for the purpose of this program, and all interest and investment earnings received on the money in the fund.

    Contacts

     

  • Eligibility Details

    Eligibility is limited to four-year public or private institutions of higher education that are eligible to receive State aid.

     A public institution of higher education is defined as Rutgers, the State University of New Jersey, the State colleges, the New Jersey Institute of Technology, Rowan University, Montclair State University, Kean University, and any other public university or colleges. A private four-year institution of higher education is defined as an independent college or university incorporated and located in New Jersey and is a nonprofit educational institution authorized to grant academic degrees and that provides a level of education that is equivalent to the education provided by the State's public institutions of higher education as attested by the receipt of and continuation of regional accreditation by the Middle States Association of Colleges and Schools, and which is eligible to receive State aid.

    NOTE: County Colleges are not eligible.

    Deadline Details

    Applications are to be submitted by September 7, 2022. In the event that not all of the available funds are allocated in the Summer 2022 Cycle, the Secretary may publish a Notice of Availability of Funds for one or more additional cycles of grant funding.

    Funds for the grant will not be disbursed until the Secretary certifies approval of the grant, subject to the approval of the State Legislature, the New Jersey Educational Facilities Authority issues the necessary bonds, and requisite grant agreements have been executed by grantees.

    Award Details

    The total amount of grant funds available for new grants under the Summer 2022 Cycle is $190,925,000. This is a bond-funded grant program. As bonds are paid off, new bonding capacity will become available to fund new grants up to a total of $550,000,000. The statute allows for funds to be allocated in the following manner over the life of the program (~10+ years):

    • $169,000,000 for Rutgers, The State University;
    • $95,062,500 for the University of Medicine and Dentistry of New Jersey;
    • $60,937,500 for the New Jersey Institute of Technology;
    • $175,000,000 for the State colleges and universities; and
    • $50,000,000 for the private institutions of higher education


    Four-year public institutions of higher education must commit to paying one-third of the debt service on the bonds issued to fund the project. Four-year private institutions of higher education must commit to paying one-half of the debt service on the bonds issued to fund the project.

    Related Webcasts Use the links below to view the recorded playback of these webcasts


    • Funding Classroom Technology to Empower Students and Teachers - Sponsored by Panasonic - Playback Available
    • Maximizing Technology-friendly Workforce Development Grants - Sponsored by Panasonic - Playback Available
    • Funding Data-driven Workforce Development Projects - Sponsored by NetApp - Playback Available

 

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