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Bill > S2830


NJ S2830

NJ S2830
Extends for three years application submission deadline to EDA for review and approval of certain construction projects involving public institutions of higher education.


summary

Introduced
In Committee
Crossed Over
Passed
Dead

Introduced Session

2010-2011 Regular Session

Bill Summary

This bill extends the application deadline for three years, from February 1, 2012 to February 1, 2015, for the submission of certain project applications to the New Jersey Economic Development Authority ("authority") for the authoritys review and approval. Specifically, the bill would provide an additional three years for a public institution of higher education to submit to the authority for review and approval proposed projects in which a private entity is to assume the full financial and administrative responsibility for the on-campus construction, reconstruction, repair, alteration, improvement, or extension of a building, structure, or facility of, or for the benefit of, the institution, provided that the project is financed in whole by the private entity and that the institution retains full ownership of the land upon which the project is completed.

AI Summary

This bill extends the deadline for public institutions of higher education in New Jersey to submit applications for certain construction projects to the New Jersey Economic Development Authority (EDA) for review and approval. Specifically, it pushes the application submission deadline from February 1, 2012, to February 1, 2015, granting an additional three years. These projects involve private entities taking full financial and administrative responsibility for on-campus construction, reconstruction, repair, alteration, improvement, or extension of buildings or facilities, provided the project is entirely financed by the private entity and the institution retains ownership of the land. The EDA is a state agency that promotes economic development and job creation.

Committee Categories

Business and Industry

Sponsors (3)

Last Action

Received in the Assembly without Reference, 2nd Reading (on 06/29/2011)

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