Bill
Bill > A1210
NJ A1210
NJ A1210Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."
summary
Introduced
01/13/2026
01/13/2026
In Committee
01/13/2026
01/13/2026
Crossed Over
Passed
Dead
Introduced Session
2026-2027 Regular Session
Bill Summary
This bill amends the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.303 (C.52:27H-60) to specify that the definition of "qualified assistance fund expense" includes purchasing, leasing, or otherwise acquiring land or other property.
AI Summary
This bill amends the "New Jersey Urban Enterprise Zones Act" to clarify that expenses related to acquiring land or other property, through purchasing, leasing, or other means, are considered "qualified assistance fund expenses." These expenses can be covered by the Enterprise Zone Assistance Fund, which is a fund established to support economic development within designated urban enterprise zones. This expansion of what qualifies as a "qualified assistance fund expense" aims to provide more flexibility in how these funds can be used to facilitate development and economic activity within these zones.
Committee Categories
Business and Industry
Sponsors (1)
Last Action
Introduced, Referred to Assembly Commerce and Economic Development Committee (on 01/13/2026)
Official Document
bill text
bill summary
Loading...
bill summary
Loading...
bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2026/A1210 |
| BillText | https://pub.njleg.gov/Bills/2026/A1500/1210_I1.HTM |
Loading...