Bill
Bill > S903
summary
Introduced
02/04/2016
02/04/2016
In Committee
02/04/2016
02/04/2016
Crossed Over
Passed
Dead
01/08/2018
01/08/2018
Introduced Session
2016-2017 Regular Session
Bill Summary
This bill amends an appropriations bill passed by the Legislature in 1999 that awarded $20 million in grants and loans from the "1996 Economic Development Site Fund" established pursuant to section 20 of the "Port of New Jersey Revitalization, Dredging, Environmental Cleanup, Lake Restoration, and Delaware Bay Area Economic Development Bond Act of 1996," P.L.1996, c.70. The funds were awarded to eight municipalities that had been recommended and approved to receive the money by the Economic Development Site Task Force. A grant in the amount of $250,000 and a loan in the amount of $1.250,000 were awarded to the Barnegat Bay Decoy and Baymen's Museum. This bill would convert the loan into a grant.
AI Summary
This bill amends a 1999 appropriations act to convert a $1.25 million loan awarded to the Barnegat Bay Decoy and Baymen's Museum into a $1.5 million grant. The original act awarded $20 million in grants and loans from the "1996 Economic Development Site Fund" to eight municipalities for economic development projects. This change will provide the museum with additional funding in the form of a grant rather than a loan.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/04/2016)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| BillText | https://www.njleg.state.nj.us/2016/Bills/S1000/903_I1.HTM |
| Bill | https://www.njleg.state.nj.us/2016/Bills/S1000/903_I1.PDF |
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