Bill
Bill > A6046
summary
Introduced
11/15/2021
11/15/2021
In Committee
11/15/2021
11/15/2021
Crossed Over
Passed
Dead
01/11/2022
01/11/2022
Introduced Session
2020-2021 Regular Session
Bill Summary
This bill authorizes a municipality to establish a dredging control reserve fund. Unexpended balances budgeted annually for dredging may be lapsed into the reserve. Upon passage of a resolution of the municipality's governing body, funds in the reserve may be used by the municipality after current budget appropriations for any purpose related to dredging, including, but not limited to, the removal of sand, silt, mud, clay, rock, or other material from the bottom of a waterway in order to maintain or deepen navigation channels and berths, related infrastructure development of such a project, the management of the dredged material through decontamination, acceptable placement or beneficial use, and the potential funding of such projects as necessary to support New Jersey's or the municipality's maritime, recreation, or tourism industries. Any reimbursement of these expenditures shall be deposited back into the reserve. Unexpended balances budgeted annually for expenses relating to dredging control may be lapsed into the reserve.
AI Summary
This bill authorizes municipalities in New Jersey to establish a dredging control reserve fund. Unexpended balances budgeted annually for dredging can be deposited into the reserve fund. The municipality can then use the funds in the reserve for any purpose related to dredging, such as removing material from waterways to maintain or deepen navigation channels, developing related infrastructure, managing the dredged material, and funding projects to support the state's or municipality's maritime, recreation, or tourism industries. Any reimbursements of these expenditures must be deposited back into the reserve fund. The bill also allows unexpended balances budgeted annually for dredging control expenses to be lapsed into the reserve fund. The Local Finance Board is authorized to adopt rules and regulations to effectuate the purposes of this bill.
Committee Categories
Government Affairs
Sponsors (2)
Last Action
Introduced, Referred to Assembly Community Development and Affairs Committee (on 11/15/2021)
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/A9999/6046_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2020/Bills/A9999/6046_I1.PDF |
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