Bill
Bill > S951
summary
Introduced
01/27/2020
01/27/2020
In Committee
01/27/2020
01/27/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill amends an appropriations bill passed by the Legislature in 1999 that awarded $20 million in grants and loans from the "1996 Economic Development Site Fund" established pursuant to section 20 of the "Port of New Jersey Revitalization, Dredging, Environmental Cleanup, Lake Restoration, and Delaware Bay Area Economic Development Bond Act of 1996," P.L.1996, c.70. The funds were awarded to eight municipalities that had been recommended and approved to receive the money by the Economic Development Site Task Force. A grant in the amount of $250,000 and a loan in the amount of $1.250,000 were awarded to the Barnegat Bay Decoy and Baymen's Museum. This bill would convert the loan into a grant.
AI Summary
This bill converts a $1.25 million loan that was previously awarded to the Barnegat Bay Decoy and Baymen's Museum from the "1996 Economic Development Site Fund" into a $1.5 million grant. The original appropriations bill, passed in 1999, had allocated $20 million in grants and loans to several economic development projects in the Delaware River and Bay Region. This bill amends that 1999 law to change the funding for the Barnegat Bay Decoy and Baymen's Museum from a loan and grant combination to a full grant.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/27/2020)
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/S1000/951_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/S1000/951_I1.PDF |
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