Bill > A3679

This bill establishes the New Jersey Veterans' Organization Building Grant Program, designed to provide financial assistance to veterans' organizations for rehabilitating existing buildings or purchasing new facilities. The program will be administered by the New Jersey Economic Development Authority and will create a special "Veterans' Organization Building Grant Fund" funded through voluntary taxpayer contributions on their state income tax returns. To qualify for a grant, an organization must be a 501(c)(19) veterans' organization, and grants will be awarded competitively based on criteria developed by the authority. The applying organization must demonstrate how they will use the building to assist veterans in New Jersey. The bill includes an initial appropriation of $2,000,000 from the General Fund to kick-start the program, and the Legislature will annually appropriate funds collected in the grant fund to the Economic Development Authority for distributing grants. The program aims to support veterans' organizations by helping them maintain or acquire buildings that serve veterans' needs, with the authority having the flexibility to develop specific guidelines for grant allocation. The bill will take effect 180 days after its enactment.

Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2024/A3679