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Bill > A4226
NJ A4226
NJ A4226Modifies requirements for certain projects under Economic Redevelopment and Growth Grant program.
summary
Introduced
05/02/2024
05/02/2024
In Committee
06/24/2024
06/24/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
Modifies requirements for certain projects under Economic Redevelopment and Growth Grant program.
AI Summary
This bill modifies the requirements for certain projects under the Economic Redevelopment and Growth Grant program in New Jersey. Specifically, it extends the deadline for municipal redevelopers to submit a temporary certificate of occupancy for mixed use parking projects in certain Garden State Growth Zones from June 30, 2026 to June 30, 2028. It also adjusts the percentage of total project costs that can be covered by the redevelopment incentive grant award for these types of projects, increasing the grant amount for projects meeting certain criteria. Additionally, the bill allows the terms of previously approved projects to be modified to align with the new requirements.
Committee Categories
Budget and Finance, Business and Industry
Sponsors (2)
Last Action
Substituted by S3097 (on 06/28/2024)
Official Document
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A4226 |
| Fiscal Note - Fiscal Estimate 7/3/24; 1R | https://pub.njleg.gov/Bills/2024/A4500/4226_E1.PDF |
| Analysis - Statement AAP 6/24/24 1R | https://pub.njleg.gov/Bills/2024/A4500/4226_S2.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4226_R1.HTM |
| Analysis - Statement ACE 5/13/24 | https://pub.njleg.gov/Bills/2024/A4500/4226_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4226_I1.HTM |
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