Bill
Bill > S2402
summary
Introduced
01/29/2024
01/29/2024
In Committee
12/16/2024
12/16/2024
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill establishes the New Jersey Veterans' Organization Building Grant Program. The bill establishes a grant program in the Economic Development Authority that will support veterans' organizations and their building needs, throughout the State. These organizations, such as VFW posts, could be in need of new buildings or could have buildings that are in need of repair. Grants will be awarded when the buildings are used to assist veterans. In order to award the grants, this bill establishes a fund in the Department of the Treasury, to be known as the "Veterans' Organization Building Grant Fund." This grant program will be funded by the Legislature through yearly appropriations to the fund. The grant program also allows New Jersey taxpayers to voluntarily contribute a portion of their tax refund, or enclose a separate contribution, for the fund. There is appropriated from the General Fund $2,000,000 to the Economic Development Authority to fund the "Veterans' Organization Building Grant Program."
AI Summary
This bill establishes the New Jersey Veterans' Organization Building Grant Program, administered by the New Jersey Economic Development Authority (EDA), to provide grants to veterans' organizations for building repairs or new construction, provided these buildings are used to assist veterans. To fund this program, a dedicated "Veterans' Organization Building Grant Fund" is created within the Department of the Treasury, which will receive annual appropriations from the Legislature and also allow New Jersey taxpayers to voluntarily contribute a portion of their tax refund or make separate donations. The bill appropriates $2,000,000 from the General Fund to the EDA to kickstart the program, and eligible organizations must be recognized by the IRS as 501(c)(19) entities and demonstrate how the building will serve veterans.
Committee Categories
Budget and Finance, Military Affairs and Security
Sponsors (5)
Last Action
Referred to Senate Budget and Appropriations Committee (on 12/16/2024)
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/S2402 |
| BillText | https://pub.njleg.gov/Bills/2026/S2500/2402_I1.HTM |
| Fiscal Note - Fiscal Estimate 7/9/25; as introduced | https://pub.njleg.gov/Bills/2024/S2500/2402_E1.PDF |
| Analysis - Statement SMV 12/16/24 | https://pub.njleg.gov/Bills/2024/S2500/2402_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S2500/2402_I1.HTM |
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