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Bill > S289


NJ S289

NJ S289
Establishes "New Jersey Small Business Indoor Air Quality Management Support Program."


summary

Introduced
01/11/2022
In Committee
03/07/2022
Crossed Over
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

This bill establishes the "New Jersey Small Business Indoor Air Quality Management Support Program." This program shall provide loans to eligible small businesses for the improvement of indoor air quality. This program will be administered by the New Jersey Economic Development Authority, in consultation with the Department of Environmental Protection. The loan funds may be applied to any aspect of the eligible small business intended to improve the business' indoor air quality, including, capital purchases, employee training, and salaries, as determined by the authority, for new positions. Work performed using funds provided by the program shall be performed by an organization certified by the Testing, Adjusting and Balancing Bureau, National Environmental Balancing Bureau or the Associated Air Balance Council. Small business loans under this section shall be made pursuant to a small business loan agreement and shall bear interest at rates and terms deemed appropriate by the authority, and contain other terms and conditions considered appropriate by the authority. Any business that has received a grant through the program may apply to the department for a New Jersey Small Business Indoor Air Quality Management Certification. A condition for the issuance of a certificate shall be the completion of a successful indoor air quality management inspection. This inspection is to be performed by the New Jersey Department of Environmental Protection and be based on the Indoor Air Quality Management Checklist promulgated by the United States Environmental Protection Agency.

AI Summary

This bill establishes the "New Jersey Small Business Indoor Air Quality Management Support Program," which provides loans to eligible small businesses (100 or fewer full-time employees) to improve their indoor air quality. The program is administered by the New Jersey Economic Development Authority in consultation with the Department of Environmental Protection. Loans can cover capital purchases, employee training, and salaries for new positions. Businesses that receive a grant through the program can apply for a New Jersey Small Business Indoor Air Quality Management Certification, which requires a successful indoor air quality inspection by the Department of Environmental Protection.

Committee Categories

Budget and Finance, Labor and Employment

Sponsors (2)

Last Action

Referred to Senate Budget and Appropriations Committee (on 03/07/2022)

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