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NJ S497
NJ S497Authorizes CRDA to finance transportation projects between Atlantic City Airport and Atlantic City Tourism District.
summary
Introduced
01/14/2020
01/14/2020
In Committee
01/14/2020
01/14/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill authorizes the Casino Reinvestment Development Authority ("authority") to enter into a contract or agreement with the State or the New Jersey Transportation Trust Fund Authority to provide for, or assist in, the financing of a transportation project. The bill defines a "transportation project" as the planning, acquisition, engineering, construction, reconstruction, or improvement of any highway transportation project or public transportation project which provides direct access between the Atlantic City Airport and the Atlantic City Tourism District. Current law requires all available assets and revenues of the authority be devoted to the purposes of the Atlantic City Tourism District and community development in Atlantic City, or the enhancement of air service at the Atlantic City Airport, or the provision of transportation service between the Atlantic City Airport and the Atlantic City Tourism District.
AI Summary
This bill authorizes the Casino Reinvestment Development Authority (CRDA) to enter into contracts or agreements with state transportation agencies to finance transportation projects that provide direct access between the Atlantic City Airport and the Atlantic City Tourism District. The bill defines a "transportation project" as the planning, acquisition, engineering, construction, reconstruction, or improvement of any highway or public transportation project that connects the airport and the tourism district, or enhances air service at the airport or transportation service between the airport and the district. The current law requires CRDA to devote its assets and revenues to the purposes of the tourism district and community development in Atlantic City, but this bill allows CRDA to use those resources to finance the specified transportation projects.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 01/14/2020)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2020/Bills/S0500/497_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S0500/497_I1.PDF |
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