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  • NJ A5046
  • Appropriates $12.3 million from constitutionally dedicated CBT revenues for recreation and conservation purposes to DEP for State capital and park development projects.
Introduced
(6/22/2017)
In CommitteeCrossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill appropriates the sum of $12.3 million to the Department of Environmental Protection (DEP) to provide funding for capital projects and park development on lands administered by the DEP's Division of Parks and Forestry and Division of Fish and Wildlife pursuant to the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-43 et seq.). The funding in this bill is provided from constitutionally dedicated corporation business tax (CBT) revenues pursuant to Article VIII, Section II, paragraph 6 of the State Constitution, approved by the voters of the State in November 2014. The "Preserve New Jersey Act" implements, for State fiscal years 2017 through 2019, the constitutional dedication of CBT revenues for open space, farmland, and historic preservation. The "Preserve New Jersey Green Acres Fund" was established by section 6 of the "Preserve New Jersey Act." The act provides that of the 60 percent of dedicated CBT revenues allocated each year for the Green Acres program: 55 percent would be used for State open space acquisition and development projects; 38 percent would be used for grants and loans to fund local government open space acquisition and development projects; and 7 percent would be used for grants to fund open space acquisition and development projects undertaken by qualifying tax exempt nonprofit organizations. Of the funding for State open space acquisition and development projects: 50 percent would be used for acquisition projects and 50 percent would be used for development projects. Further, of the funding for State open space development projects, up to 22 percent would be used for stewardship activities undertaken on lands administered by the Division of Fish and Wildlife and up to 22 percent would be used for stewardship activities undertaken on lands administered by the Division of Parks and Forestry. The projects and appropriations listed in this bill have been approved by the DEP and the Garden State Preservation Trust.
2nd Reading in the Assembly, Substituted by another Bill
substituted by s3353  (on 6/29/2017)
 
 

Date Chamber Action Description
6/29/2017 A substituted by s3353
6/22/2017 A Introduced, 1st Reading without Reference, 2nd Reading
Date Motion Yea Nay Other
None specified