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NJ S3407
NJ S3407Requires payment of prevailing wage for projects financed through commercial property assessed clean energy program.
summary
Introduced
06/10/2024
06/10/2024
In Committee
06/24/2024
06/24/2024
Crossed Over
06/28/2024
06/28/2024
Passed
06/28/2024
06/28/2024
Dead
Signed/Enacted/Adopted
09/12/2024
09/12/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
An Act concerning the C-PACE program and amending P.L.2021, c.201.
AI Summary
This bill requires the payment of prevailing wage for projects financed through the Commercial Property Assessed Clean Energy (C-PACE) program in New Jersey. It amends the existing C-PACE law to specify that any direct financing provided by a capital provider for a C-PACE project shall be considered "authority financial assistance," and therefore subject to prevailing wage requirements. The bill also provides additional details on the financing options and bond issuance mechanisms available for C-PACE projects under the program.
Committee Categories
Budget and Finance
Sponsors (4)
Last Action
Approved P.L.2024, c.75. (on 09/12/2024)
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/S3407 |
| BillText | https://pub.njleg.gov/Bills/2024/PL24/75_.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/AL24/75_.HTM |
| Fiscal Note - Fiscal Estimate 7/2/24; as introduced | https://pub.njleg.gov/Bills/2024/S3500/3407_E1.PDF |
| Analysis - Statement SBA 6/24/24 | https://pub.njleg.gov/Bills/2024/S3500/3407_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/S3500/3407_I1.HTM |
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