Bill
Bill > A3477
NJ A3477
NJ A3477Establishes fund in DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.
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 establishes the Blue Acres Buyout Fund (hereinafter referred to as the "fund") as a nonlapsing, revolving fund in the Department of Environmental Protection and appropriates $25 million from the General Fund for the purposes of the fund. The fund would be administered by the Department of Environmental Protection (DEP) to be used for relocation assistance for homeowners and tenants displaced by a Blue Acres acquisition, to acquire flood prone property under the Blue Acres program, and for administrative costs associated with the program. No more than five percent of the total annual revenue allocated to the fund in each fiscal year may be used by the DEP for administrative costs.
AI Summary
This bill establishes the Blue Acres Buyout Fund within the Department of Environmental Protection (DEP) as a permanent, self-sustaining fund that can be used repeatedly. It appropriates $25 million from the state's general funds to this new fund, which will be managed by the DEP. The money in the fund is designated for assisting homeowners and tenants who are displaced when their properties are acquired through the Blue Acres program, which aims to purchase flood-prone lands to reduce future damage. Additionally, the fund will cover the state's costs for acquiring these flood-prone properties and for the administrative expenses of the program, with no more than five percent of the fund's annual revenue allowed for these administrative costs.
Committee Categories
Agriculture and Natural Resources
Sponsors (7)
Yvonne Lopez (D)*,
Carol Murphy (D)*,
Anthony Verrelli (D)*,
Joe Danielsen (D),
Robert Karabinchak (D),
Verlina Reynolds-Jackson (D),
Sterley Stanley (D),
Last Action
Introduced, Referred to Assembly Environment and Solid Waste Committee (on 01/13/2026)
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/2026/A3477 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3477_I1.HTM |
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