Bill
Bill > A3329
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 allows local government units to finance the purchase, planting, and removal of trees and shrubbery through the issuance of long-term and short-term debt. The bill amends the "Local Bond Law," N.J.S.40A:2-1 et seq., to provide that the purchase, planting, and removal of trees and shrubbery constitutes a period of usefulness of 15 years. Consequently, the bill permits local government units to issue 15-year bonds to defray the costs of these expenses. The bill also amends the "Local Budget Law," N.J.S.40A:4-1 et seq., to permit a local government unit to adopt a special emergency appropriation for the purchase, planting, and removal of trees and shrubbery following a natural disaster. This authorization would allow the local government unit to issue special emergency notes to defray the costs of these expenses. Under current law, special emergency notes are required to mature no later than five years after the issuance.
AI Summary
This bill allows local government units to finance the purchase, planting, and removal of trees and shrubbery by issuing long-term and short-term debt. It amends the "Local Bond Law" to establish a 15-year "period of usefulness" for these activities, meaning municipalities can issue 15-year bonds to cover these costs. Additionally, the bill modifies the "Local Budget Law" to permit local governments to enact special emergency appropriations for tree and shrubbery expenses following a natural disaster, allowing them to issue special emergency notes for these costs, which currently must mature within five years of issuance.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government 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/A3329 |
| BillText | https://pub.njleg.gov/Bills/2026/A3500/3329_I1.HTM |
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