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Bill > A4103
NJ A4103
NJ A4103Extends for three years application submission deadline to EDA for review and approval of certain construction projects involving public institutions of higher education.
summary
Introduced
In Committee
Crossed Over
Passed
Dead
Introduced Session
2010-2011 Regular Session
Bill Summary
This bill extends the application deadline for three years, from February 1, 2012 to February 1, 2015, for the submission of certain project applications to the New Jersey Economic Development Authority ("authority") for the authoritys review and approval. Specifically, the bill would provide an additional three years for a public institution of higher education to submit to the authority for review and approval proposed projects in which a private entity is to assume the full financial and administrative responsibility for the on-campus construction, reconstruction, repair, alteration, improvement, or extension of a building, structure, or facility of, or for the benefit of, the institution, provided that the project is financed in whole by the private entity and that the institution retains full ownership of the land upon which the project is completed.
AI Summary
This bill extends the deadline for public institutions of higher education in New Jersey to submit applications for certain construction projects to the New Jersey Economic Development Authority (EDA) for review and approval. Specifically, it grants an additional three years, moving the application submission deadline from February 1, 2012, to February 1, 2015. This extension applies to projects where a private entity takes full financial and administrative responsibility for the construction, reconstruction, repair, alteration, improvement, or extension of a building, structure, or facility for the institution. The key conditions are that the project must be entirely financed by the private entity, and the institution must retain full ownership of the land where the project is built. The EDA is a state agency that promotes economic development and job creation.
Committee Categories
Business and Industry
Sponsors (3)
Last Action
Reported out of Assembly Committee, 2nd Reading (on 06/13/2011)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bills/BillView.asp?BillNumber=A4103 | 04/25/2013 |
| Bill | https://www.njleg.state.nj.us/2010/Bills/A4500/4103_I1.HTM | 05/28/2012 |
| Statement ACE 6/13/11 | https://www.njleg.state.nj.us/2010/Bills/A4500/4103_S1.HTM | 04/23/2012 |
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