Bill > S914

This bill amends a previous law to convert a $1,250,000 loan that was awarded to the Barnegat Bay Decoy and Baymen's Museum in Ocean County into a grant, while also increasing the total grant amount for the museum from $250,000 to $1,500,000. This change means the museum will no longer have to repay this portion of the funds, which were originally intended for economic development site projects and were managed by the New Jersey Commerce and Economic Growth Commission. The bill also removes a reference to this specific loan from another section of the law that details terms for zero-interest loans.