Bill
Bill > A2940
NJ A2940
NJ A2940Dedicates $500,000 annually in revenues from vessel registration and renewal fees to NJ Greenwood Lake Fund.
summary
Introduced
02/20/2020
02/20/2020
In Committee
02/20/2020
02/20/2020
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill would establish the "New Jersey Greenwood Lake Fund" as a nonlapsing, revolving fund in the Department of Environmental Protection (DEP). The fund would be administered by the DEP, and credited annually with $500,000 in revenue from the New Jersey vessel registration and renewal fees from the "Maritime Industry Fund." The moneys would be used by the Greenwood Lake Commission for the protection, preservation, restoration, maintenance, management, and enhancement of the lake. Under the bill, moneys in the fund could be used without matching funds from the State of New York if the moneys are used solely for the protection, preservation, maintenance, management, or enhancement of the New Jersey side of Greenwood Lake. In addition, when joint funding is required by the Greenwood Lake Commission, the State of New York would not be required to provide moneys from a similar source as the State of New Jersey.
AI Summary
This bill establishes the "New Jersey Greenwood Lake Fund" within the Department of Environmental Protection (DEP) and dedicates $500,000 annually from vessel registration and renewal fees to the fund. The fund will be used by the Greenwood Lake Commission to protect, preserve, maintain, manage, or enhance the New Jersey side of Greenwood Lake, an interstate lake that supplies drinking water to millions of New Jersey residents. The bill also allows the fund to be used without matching funds from New York and removes the requirement for New York to provide funding from a similar source as New Jersey when joint funding is required by the commission.
Committee Categories
Agriculture and Natural Resources
Sponsors (2)
Last Action
Introduced, Referred to Assembly Environment and Solid Waste Committee (on 02/20/2020)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2020/A2940 |
| BillText | https://www.njleg.state.nj.us/Bills/2020/A3000/2940_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2020/A3000/2940_I1.PDF |
| BillText | https://www.njleg.state.nj.us/2020/Bills/A3000/2940_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A3000/2940_I1.PDF |
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