Bill
Bill > S75
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
The bill provides for increases in the payment of relocation assistance to persons who are displaced as a result of the acquisition of real property by the State. Specifically, the bill would increase the maximum payments permitted under the "Relocation Assistance Act," P.L.1971, c.362 (C.20:4-1 et seq.) by specified amounts over the four-year period following enactment. The bill further provides that after the four-year phase-in period, the maximum authorized payments of relocation assistance would be annually adjusted according to the U.S. City Average of the Consumer Price Index for All Urban Consumers (CPI-U), published by the United States Department of Labor, Bureau of Labor Statistics.
AI Summary
This bill provides for increases in the payment of relocation assistance to persons who are displaced as a result of the acquisition of real property by the State. Specifically, the bill would increase the maximum payments permitted under the "Relocation Assistance Act" over a four-year period, and after that, the maximum authorized payments would be annually adjusted according to the U.S. City Average of the Consumer Price Index for All Urban Consumers (CPI-U). The bill increases the maximum amounts for moving expense allowance, dislocation allowance, and fixed payments for displaced businesses or farm operations.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 01/09/2024)
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/2024/S75 |
| BillText | https://pub.njleg.gov/Bills/2024/S0500/75_I1.HTM |
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