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Bill > S2780

NJ S2780

NJ S2780
Makes supplemental appropriation of $45,000,000 from Transportation Trust Fund Account - Subaccount for Capital Reserves to Palisades Interstate Park Commission for certain construction projects.

summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
01/13/2026
Dead
Signed/Enacted/Adopted
01/13/2026

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill supplements the Fiscal Year 2026 Appropriations Act and appropriates $45 million to the Palisades Interstate Park Commission (commission) to support the development and construction of disaster recovery projects. Under the bill, the commission is required to enter into a memorandum of understanding with the Department of the Treasury which would require the commission to repay the department $45 million, regardless of whether the commission receives any reimbursement, grant award, or other financial assistance from the federal government.

AI Summary

This bill appropriates $45 million from the Transportation Trust Fund Account's Subaccount for Capital Reserves to the Palisades Interstate Park Commission for disaster recovery construction projects, supplementing the Fiscal Year 2026 Appropriations Act. The commission must enter into a memorandum of understanding with the Department of the Treasury, which will stipulate that the commission is obligated to repay the full $45 million to the Treasury, irrespective of any federal reimbursements or grants received for these projects. The specific repayment schedule and terms will be jointly determined by the Department of the Treasury and the Palisades Interstate Park Commission and outlined in this memorandum of understanding.

Committee Categories

Transportation and Infrastructure

Sponsors (1)

Last Action

Withdrawn Because Approved P.L.2025, c.318. (on 01/13/2026)
(3 Companion Bills)

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Document Type Source Location
State Bill Page https://www.njleg.state.nj.us/bill-search/2026/S2780
BillText https://pub.njleg.gov/Bills/2026/S3000/2780_I1.HTM
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