Bill > S3569

Introduced Session

This bill establishes the "New Jersey Cybersecurity Grant Program" in the Office of Homeland Security and Preparedness and appropriates $5 million from the General Fund. The "New Jersey Cybersecurity Grant Program" will award grants to sensitive businesses seeking to defray the costs, either in whole or in part, of acquiring target hardening equipment to mitigate cybersecurity risks. Sensitive businesses seeking a grant under the program will only be awarded once per fiscal year, with a maximum award amount of $100,000 per business. Sensitive businesses awarded under the program must be determined by the Office of Homeland Security and Preparedness to be at high risk of a cybersecurity incident that affects its operations within the State. Applications for the program will be submitted through the Internet website of the Office of Homeland Security and Preparedness. Grant funds under the program will be administered on a reimbursement basis and will require the sensitive businesses awarded under the program to submit documentation of purchase orders, invoices, cancelled checks, or other transactional documents to the office prior to receiving reimbursement. For the purpose of this bill, "sensitive business" means a sole proprietorship, partnership, corporation, association, or other for-profit or not-for-profit entity that is engaged in the financial or healthcare industries and does business in New Jersey. The term "sensitive business" includes a financial institution organized, chartered, or holding a license or authorization certificate in New Jersey or in any other state in the United States or in any other country, and includes the parent or the subsidiary of a financial institution.

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Linda Greenstein (D)*,  Angela Mcknight (D)*, 

Introduced in the Senate, Referred to Senate Law and Public Safety Committee (on 09/12/2024)

Official Document