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  • NJ A34
  • Appropriates $34,293,697 from "Building Our Future Bond Act" and provides for reallocating amount remaining from project grants not awarded, for public and private institutions of higher education.
Introduced
(1/10/2017)
In Committee
(1/12/2017)
Crossed Over
(1/23/2017)
Passed
(1/23/2017)
Signed
(3/13/2017)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill appropriates to the Office of the Secretary of Higher Education in the Department of State from the "Building Our Future Fund" established pursuant to the "Building Our Future Bond Act," P.L.2012, c.41, the sum of $34,293,697, plus an amount to be requested by the Secretary of Higher Education and approved by the Joint Budget Oversight Committee, remaining from project grants not awarded but as originally appropriated under P.L.2013, c.96. These funds are for the purpose of capital project grants to increase academic capacity at New Jersey's public and private institutions of higher education. The "Building Our Future Bond Act" authorized a $750,000,000 general obligation bond issue. In August of 2013, the Legislature appropriated $715,706,303 from the bond fund to finance capital project grants that were submitted to the Legislature for approval on April 29, 2013. The appropriation of $34,293,697 included in this bill represents the balance of the grant amounts authorized under the bond act. The bill also appropriates for reallocation, pending approval by the Joint Budget Oversight Committee, an amount requested by the secretary that remains from project grants not awarded and originally appropriated under P.L.2013, c.96. The total amount appropriated in the bill will support the list of capital projects submitted by the secretary to the Legislature on June 27, 2016.
2nd Reading in the Assembly, Bills and Joint Resolutions Signed by the Governor, Passed both Houses
Approved P.L.2017, c.32.  (on 3/13/2017)
 
 

Date Chamber Action Description
3/13/2017 S Approved P.L.2017, c.32.
1/23/2017 S Passed Senate (Passed Both Houses) (36-0)
1/23/2017 S SUBSTITUTED FOR S2897
1/23/2017 S Received in the Senate without Reference, 2nd Reading
1/23/2017 A Passed by the Assembly (67-2-0)
1/12/2017 A Reported out of Assembly Committee, 2nd Reading
1/12/2017 Assembly Higher Education Hearing (10:00 1/12/2017 Committee Room 15, 4th Floor)
1/10/2017 A Introduced, Referred to Assembly Higher Education Committee
Date Motion Yea Nay Other
Detail 1/23/2017 Senate Floor: Third Reading - Final Passage 36 0 4
Detail 1/23/2017 Assembly Floor: Third Reading - Final Passage 67 2 11
Detail 1/23/2017 Senate Floor: Substitute For S2897 (Voice Vote) 0 0 0
Detail 1/12/2017 Assembly Higher Education Committee: Reported Favorably 9 0 0