Bill
Bill > S2660
NJ S2660
NJ S2660Permits counties and municipalities to bond for passenger cars and station wagons solely fueled by electric or renewable power sources.
summary
Introduced
02/12/2024
02/12/2024
In Committee
02/12/2024
02/12/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would permit counties and municipalities to issue bonds to acquire certain environmentally friendly passenger cars and station wagons. Under current law, counties and municipalities may only issue bonds to finance certain projects having a period of usefulness of at least five years. Additionally, the Local Bond Law, N.J.S.40A:2-1 et seq., specifically excludes passenger cars and station wagons from the category of newly purchased automotive vehicles that are deemed to have a maximum period of usefulness of five years. The bill would amend this exclusion in the Local Bond Law in order to allow permit counties and municipalities to bond for passenger cars and station wagons that are solely fueled by a battery or equivalent energy storage device charged from an electricity supply external to the vehicle or by a renewable power source. Other passenger cars and station wagons would continue to be excluded.
AI Summary
This bill would permit counties and municipalities to issue bonds to acquire certain environmentally friendly passenger cars and station wagons. Specifically, the bill amends the Local Bond Law to allow bonding for passenger cars and station wagons that are solely fueled by a battery or equivalent energy storage device charged from an external electricity supply or by a renewable power source. Other types of passenger cars and station wagons would continue to be excluded from bonding under the law.
Committee Categories
Housing and Urban Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee (on 02/12/2024)
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/S2660 |
| BillText | https://pub.njleg.gov/Bills/2024/S3000/2660_I1.HTM |
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