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Bill > S2402

NJ S2402

NJ S2402
Establishes New Jersey Veterans' Organization Building Grant Program.

summary

Introduced
01/29/2024
In Committee
12/16/2024
Crossed Over
Passed
Dead

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. The program, administered by the New Jersey Economic Development Authority, will provide grants to veterans' organizations (designated as 501(c)(19) organizations) to assist with the rehabilitation of existing buildings or the purchase of new buildings used to support veterans in the state. The bill establishes a dedicated "Veterans' Organization Building Grant Fund" in the Department of the Treasury, which will be funded through voluntary contributions from New Jersey taxpayers and appropriations from the Legislature. The bill appropriates $2 million from the General Fund to the Economic Development Authority to kickstart the grant program.

Committee Categories

Budget and Finance, Military Affairs and Security

Sponsors (5)

Last Action

Referred to Senate Budget and Appropriations Committee (on 12/16/2024)
(3 Companion Bills)

bill text

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bill summary

Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2024/S2402
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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