Bill > S3215

This bill establishes the "New Jersey Veterans Assistance Trust," a public entity designed to provide financial and other assistance to veterans, their families, and programs that support them. The trust will be governed by a board of 13 trustees, including the Deputy Commissioner of Veterans Affairs (who will chair the board), commissioners from Human Services, Health, Community Affairs, and Transportation (or their designees), the Adjutant General, four public members appointed by the Governor representing veterans service organizations, nonprofit organizations serving veterans, and the business community, and four legislative appointees. The trust is empowered to accept gifts, grants, and endowments, manage a fund from these sources, and disburse money as grants or loans to eligible recipients. It can also develop projects for corporate sponsorship, enter into contracts, receive state appropriations, acquire property, and sue and be sued in contractual matters. The trust's sole purpose is to provide necessary assistance to veterans and their families, and its funds can be used for grants, loans, investments, and administrative costs, but not to replace existing departmental funding. The bill also outlines investment guidelines for the trust's funds and requires an annual report to the Governor and Legislature detailing its activities and finances.

Budget and Finance, Military Affairs and Security

https://www.njleg.state.nj.us/bill-search/2026/S3215