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Bill > A4729
NJ A4729
NJ A4729Revises method for appraisals of farmland to be acquired for farmland preservation purposes.
summary
Introduced
10/11/2022
10/11/2022
In Committee
11/30/2023
11/30/2023
Crossed Over
12/21/2023
12/21/2023
Passed
12/21/2023
12/21/2023
Dead
Signed/Enacted/Adopted
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Revises method for appraisals of farmland to be acquired for farmland preservation purposes.
AI Summary
This bill revises the method for appraising farmland to be acquired for farmland preservation purposes. It establishes a "Statewide Farmland Preservation Formula" that the State Agriculture Development Committee must use to determine the value of development easements or fee simple titles to farmland when using state funds for preservation. The formula considers factors such as the value of farmland and development easements in nearby areas, the importance of preserving agricultural lands, and other relevant factors like inflation and soil quality. The bill also allows the committee to adopt expedited regulations to establish the formula initially, before following the normal rulemaking process.
Committee Categories
Agriculture and Natural Resources, Budget and Finance, Business and Industry
Sponsors (14)
Robert Clifton (R)*,
Roy Freiman (D)*,
Alex Sauickie (R)*,
Jean Stanfield (R)*,
Aura Dunn (R),
Kimberly Eulner (R),
Carol Murphy (D),
Steven Oroho (R),
Bethanne Patrick (R),
Marilyn Piperno (R),
Kevin Rooney (R),
Troy Singleton (D),
Parker Space (R),
Harold Wirths (R),
Last Action
Approved P.L.2023, c.245. (on 01/08/2024)
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/A4729 |
| Analysis - Statement SBA 11/30/23 | https://pub.njleg.gov/Bills/2022/A5000/4729_S3.PDF |
| Fiscal Note - Fiscal Estimate 8/3/23; 2R | https://pub.njleg.gov/Bills/2022/A5000/4729_E2.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4729_R2.HTM |
| Analysis - Statement SEG 6/8/23 1R | https://pub.njleg.gov/Bills/2022/A5000/4729_S2.PDF |
| Fiscal Note - Fiscal Estimate 1/26/23;1R | https://pub.njleg.gov/Bills/2022/A5000/4729_E1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4729_R1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4729_R1.PDF |
| Analysis - Statement AAN 12/12/22 | https://pub.njleg.gov/Bills/2022/A5000/4729_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2022/A5000/4729_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A5000/4729_I1.PDF |
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