Bill > S124

Introduced Session

This bill requires the executive director of the New Jersey Economic Development Authority (authority), in consultation with the Commissioner of Community Affairs, to establish and administer a program that makes low-interest loans available to a developer or redeveloper who constructs a new building or renovates an existing building that, when completed, qualifies as a "high performance green building." A "high performance green building" is defined in the bill as a commercial, industrial, or mixed use building having at least 15,000 square feet in total floor area that is designed and constructed in a manner that achieves at least: (1) a silver rating according to the Leadership in Energy and Environmental Design ("LEED") Green Building Rating System as adopted by the United States Green Building Council; (2) a silver rating according to the National Green Building Standards as adopted by the International Code Council and the American National Standards Institute; (3) a two globe rating according to the Green Globes Program as adopted by the Green Building Initiative; or (4) a comparable numeric rating according to a nationally recognized, accepted, and appropriate numeric sustainable development rating system, guideline, or standard as the Commissioner of Community Affairs, in consultation with the Commissioner of Environmental Protection, the Director of Energy Savings established pursuant to Executive Order No. 11 of 2006, and the Board of Public Utilities, may designate by regulation.

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Nilsa Cruz-Perez (D)*, 

Introduced in the Senate, Referred to Senate Economic Growth Committee (on 01/09/2024)

Official Document