Bill
Bill > A3843
NJ A3843
NJ A3843Converts loan awarded to Barnegat Bay Decoy and Baymen's Museum from loan to grant.
summary
Introduced
02/22/2024
02/22/2024
In Committee
02/22/2024
02/22/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill amends an appropriations bill passed by the Legislature in 1999 that awarded $20 million in grants and loans from the "1996 Economic Development Site Fund" established pursuant to section 20 of the "Port of New Jersey Revitalization, Dredging, Environmental Cleanup, Lake Restoration, and Delaware Bay Area Economic Development Bond Act of 1996," P.L.1996, c.70. The funds were awarded to eight municipalities that had been recommended and approved to receive the money by the Economic Development Site Task Force. A grant in the amount of $250,000 and a loan in the amount of $1,250,000 were awarded to the Barnegat Bay Decoy and Baymen's Museum. This bill would convert the loan into grant.
AI Summary
This bill converts a $1,250,000 loan awarded to the Barnegat Bay Decoy and Baymen's Museum in 1999 from the "1996 Economic Development Site Fund" into a $1,500,000 grant. The funds were originally part of a $20 million allocation for loans and grants to various economic development projects in the Delaware River and Bay Region. This change would make the funding for the museum a full grant rather than a loan.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Introduced, Referred to Assembly Tourism, Gaming and the Arts Committee (on 02/22/2024)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A3843 |
| BillText | https://pub.njleg.gov/Bills/2024/A4000/3843_I1.HTM |
Loading...