Bill > S3922

This bill appropriates $18,518,738 from constitutionally dedicated corporation business tax (CBT) revenues to the New Jersey Historic Trust for historic preservation projects and administrative expenses. The funding is divided into three main categories: $15,031,000 for capital preservation grants to 48 different historic sites across New Jersey counties, $1,467,738 for historic site management grants to 37 organizations, and $100,000 for easement purchases in Burlington County. The bill specifies detailed grant amounts for each project, ranging from as low as $8,153 for the Doric House in Flemington to $750,000 for multiple projects like the Passaic County Courthouse and the Roebling Machine Shop. Additionally, $1,920,000 is allocated for administrative costs associated with managing these preservation efforts. The bill requires any significant changes to the project list to be approved by the Joint Budget Oversight Committee and allows for potential additional funding for previously funded historic preservation projects if funds remain available. The appropriation is subject to the provisions of the "Preserve New Jersey Act" and is designed to support the preservation and restoration of historically significant sites throughout the state.

Budget and Finance

https://www.njleg.state.nj.us/bill-search/2024/S3922