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Bill > A6266
NJ A6266
NJ A6266Makes supplemental appropriation of $10 million to New Jersey Community Development Corporation for various community projects in City of Paterson.
summary
Introduced
12/11/2025
12/11/2025
In Committee
12/11/2025
12/11/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill provides a supplemental appropriation of $10 million for the New Jersey Community Development Corporation for various community projects in the City of Paterson. Of the $10 million, an amount not less than $4 million is be allocated for the Great Falls Youth Center located at 52 Front Street; an amount not less than $3 million is to be allocated for the location at 59 Spruce Street for the establishment of a Great Falls Innovation Hub, which will promote instruction in the STEM fields and in Artificial Intelligence; and an amount not less than $3 million is to be allocated to the location at 98 Spruce Street for the establishment of affordable housing units with ground-floor retail space.
AI Summary
This bill provides a supplemental appropriation of $10 million to the New Jersey Community Development Corporation specifically for community projects in the City of Paterson. The funding is divided into three main allocations: $4 million for the Great Falls Youth Center at 52 Front Street, $3 million for establishing a Great Falls Innovation Hub at 59 Spruce Street (which will focus on promoting education in STEM fields and Artificial Intelligence), and $3 million for creating affordable housing units with ground-floor retail space at 98 Spruce Street. The appropriation is in addition to the existing annual appropriations act for the fiscal year ending June 30, 2026, and will be sourced from the General Fund under the Department of Community Affairs' Economic Planning, Development, and Security section. The bill includes a standard provision stating that it will take effect immediately upon enactment.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly Community Development and Women's Affairs Committee (on 12/11/2025)
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/A6266 |
| BillText | https://pub.njleg.gov/Bills/2024/A6500/6266_I1.HTM |
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