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Bill > S801


NJ S801

NJ S801
Authorizes municipalities to establish dredging control reserve fund.


summary

Introduced
01/18/2022
In Committee
03/20/2023
Crossed Over
03/20/2023
Passed
Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

Authorizes municipalities to establish dredging control reserve fund.

AI Summary

This bill authorizes municipalities in New Jersey to establish a dredging control reserve fund. The fund can be used for purposes related to dredging, such as removing materials from waterways to maintain navigation channels, developing related infrastructure, managing dredged materials, and funding projects to support the state or municipality's maritime, recreation, or tourism industries. Any unexpended balances budgeted annually for dredging expenses can be lapsed into the reserve, and the Local Finance Board is authorized to adopt rules and regulations to implement the provisions of the bill.

Committee Categories

Agriculture and Natural Resources, Housing and Urban Affairs

Sponsors (2)

Last Action

Received in the Assembly, Referred to Assembly Environment and Solid Waste Committee (on 03/20/2023)

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