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Bill > A2802


NJ A2802

NJ A2802
Authorizes municipalities to establish dredging control reserve fund.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill authorizes a municipality to establish a dredging control reserve fund. Unexpended balances budgeted annually for dredging may be lapsed into the reserve. Upon passage of a resolution of the municipality's governing body, funds in the reserve may be used by the municipality after current budget appropriations for any purpose related to dredging, including, but not limited to, the removal of sand, silt, mud, clay, rock, or other material from the bottom of a waterway in order to maintain or deepen navigation channels and berths, related infrastructure development of such a project, the management of the dredged material through decontamination, acceptable placement or beneficial use, and the potential funding of such projects as necessary to support New Jersey's or the municipality's maritime, recreation, or tourism industries. Any reimbursement of these expenditures shall be deposited back into the reserve. Unexpended balances budgeted annually for expenses relating to dredging control may be lapsed into the reserve.

AI Summary

This bill authorizes municipalities to create a special savings account, called a "dredging control reserve fund," to manage money set aside for dredging projects. Dredging is the process of removing sand, silt, mud, clay, rock, or other materials from the bottom of waterways to keep them deep enough for boats to travel (navigation channels and berths). Funds from unspent annual budgets for dredging or related expenses can be moved into this reserve fund. Once established, the municipality's governing body can decide, through a formal resolution, to use money from this reserve fund for various dredging-related activities. These activities include the actual removal of materials, developing infrastructure for these projects, managing the removed material (like cleaning it or finding a place for it), and supporting industries that rely on waterways, such as shipping, recreation, and tourism. Any money reimbursed for these dredging expenses must be put back into the reserve fund. The Local Finance Board will create the necessary rules to implement this law.

Committee Categories

Agriculture and Natural Resources

Sponsors (2)

Last Action

Introduced, Referred to Assembly Environment and Solid Waste Committee (on 01/13/2026)

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