Bill

Bill > A4572


NJ A4572

NJ A4572
Appropriates $101,696,535 from constitutionally dedicated CBT revenues to DEP for local government open space acquisition and park development projects; and for certain administrative expenses.


summary

Introduced
06/13/2024
In Committee
06/26/2024
Crossed Over
06/28/2024
Passed
06/28/2024
Dead
Signed/Enacted/Adopted
07/10/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act appropriating $101,696,535 from constitutionally dedicated corporation business tax revenues to help local government units acquire or develop lands for recreation and conservation purposes, and for certain administrative expenses.

AI Summary

This bill appropriates $101,696,535 from constitutionally dedicated corporation business tax revenues to the Department of Environmental Protection (DEP) for local government open space acquisition and park development projects, as well as for certain administrative expenses. The funds will be used to provide grants or loans to assist local government units in acquiring lands for recreation and conservation purposes and developing lands for those purposes. The bill also reappropriates unexpended balances from previous Green Acres funding and appropriates additional sums from interest earnings and loan repayments for similar purposes.

Committee Categories

Agriculture and Natural Resources

Sponsors (16)

Last Action

Approved P.L.2024, c.44. (on 07/10/2024)

bill text


bill summary

Loading...

bill summary

Loading...
Loading...