Bill
Bill > A3951
NJ A3951
NJ A3951Authorizes EDA to use moneys in "Global Warming Solutions Fund" to support projects to refurbish or upgrade existing electricity generation facilities.
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 would authorize the New Jersey Economic Development Authority (EDA) to use moneys in the "Global Warming Solutions Fund" to provide grants or other financial assistance to commercial, institutional, and industrial entities to support projects to refurbish or upgrade existing electric generation facilities in order to modernize, expand, or lengthen the lifespan of the facility. The bill would also clarify that projects may result in a measurable reduction of the emission of greenhouse gases (one of the conditions of receiving financial assistance from the "Global Warming Solutions Fund") through the use of fuel cells or carbon capture technology. The "Global Warming Solutions Fund," established pursuant to section 6 of P.L.2007, c.340 (C.26:2C-50), serves as the repository for moneys received from electric power generation facilities pursuant to New Jersey's participation in the Regional Greenhouse Gas Initiative (RGGI).
AI Summary
This bill authorizes the New Jersey Economic Development Authority (EDA) to use money from the "Global Warming Solutions Fund" to provide financial assistance for projects that refurbish or upgrade existing electricity generation facilities, aiming to modernize them, expand their capacity, or extend their operational life. The "Global Warming Solutions Fund" is a pool of money collected from electric power plants as part of New Jersey's participation in the Regional Greenhouse Gas Initiative (RGGI), a program designed to reduce greenhouse gas emissions. The bill also clarifies that these projects can qualify for funding if they lead to a measurable reduction in greenhouse gas emissions, specifically mentioning the use of fuel cells or carbon capture technology as ways to achieve this reduction.
Committee Categories
Transportation and Infrastructure
Sponsors (2)
Last Action
Introduced, Referred to Assembly Telecommunications and Utilities 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/A3951 |
| BillText | https://pub.njleg.gov/Bills/2026/A4000/3951_I1.HTM |
Loading...