Bill
Bill > S616
summary
Introduced
01/11/2022
01/11/2022
In Committee
01/27/2022
01/27/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
This bill authorizes local governmental entities to enter into regional economic development partnerships for the purpose of engaging in joint regional economic planning and formulating an economic development or redevelopment strategy. Under the bill, regional economic development partnerships could include any combination of county governments, municipal governments, agencies or instrumentalities thereof, and public or private economic development organization. A regional economic development partnership may also include businesses, business organizations, educational institutions, nonprofit organizations, and other entities located within the region.
AI Summary
This bill authorizes local governmental entities, such as county and municipal governments, to enter into regional economic development partnerships. These partnerships can include a variety of organizations, including businesses, educational institutions, and non-profit organizations, and can engage in joint regional economic planning, formulate economic development or redevelopment strategies, and access loans, bonds, and grants to support their activities. The bill also allows counties and municipalities to enter into agreements for joint economic planning and development projects without forming a formal partnership. The partnerships must be registered with the New Jersey Economic Development Authority and, if a constituent member is a public entity under the Department of Community Affairs, the partnership agreement must be approved by the department.
Committee Categories
Housing and Urban Affairs
Sponsors (5)
Holly Schepisi (R)*,
Troy Singleton (D)*,
Linda Greenstein (D),
Fred Madden (D),
Shirley Turner (D),
Last Action
Senate Amendment (Voice) (Schepisi) (on 03/03/2022)
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/2022/S616 |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/616_R1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/616_R1.PDF |
| Statement Senate 3/3/22 | https://www.njleg.state.nj.us/Bills/2022/S1000/616_S2.PDF |
| Statement SCU 1/27/22 | https://www.njleg.state.nj.us/Bills/2022/S1000/616_S1.PDF |
| Technical Review Of Prefiled Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/616_T1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/616_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/616_I1.PDF |
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