Bill
Bill > S1010
summary
Introduced
01/30/2020
01/30/2020
In Committee
06/16/2021
06/16/2021
Crossed Over
06/24/2021
06/24/2021
Passed
06/30/2021
06/30/2021
Dead
Signed/Enacted/Adopted
11/08/2021
11/08/2021
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill permits counties and municipalities to issue bonds to acquire alternative fuel automotive vehicles. Counties and municipalities are currently prohibited under the Local Bond Law, N.J.S.40A:2-1 et seq., from issuing bonds to finance the acquisition of passenger cars and station wagons, regardless of whether these vehicles are powered by alternative fuel sources. This bill amends the Local Bond Law to authorize the acquisition of any newly purchased alternative fuel automotive vehicle, including but not limited to electric vehicles, plug-in hybrid vehicles, hydrogen fuel cell vehicles, natural gas vehicles, and propane vehicles. The bill defines an "alternative fuel automotive vehicle" as any passenger car, station wagon, or other motor vehicle that is not solely propelled by gasoline or diesel fuel.
AI Summary
This bill permits counties and municipalities to issue bonds to acquire alternative fuel automotive vehicles. The Local Bond Law currently prohibits the use of bonds to finance the acquisition of passenger cars and station wagons, regardless of the fuel source. This bill amends the Local Bond Law to authorize the acquisition of any newly purchased alternative fuel automotive vehicle, including electric vehicles, plug-in hybrid vehicles, hydrogen fuel cell vehicles, natural gas vehicles, and propane vehicles. The bill defines an "alternative fuel automotive vehicle" as any passenger car, station wagon, or other motor vehicle that is not solely propelled by gasoline or diesel fuel.
Committee Categories
Government Affairs, Housing and Urban Affairs
Sponsors (4)
Last Action
Approved P.L.2021, c.267. (on 11/08/2021)
Official Document
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