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Bill > S1695

NJ S1695

NJ S1695
Converts loan awarded to Barnegat Bay Decoy and Baymen's Museum from loan to grant.

summary

Introduced
02/05/2018
In Committee
02/05/2018
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 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 converts a $1.25 million loan awarded to the Barnegat Bay Decoy and Baymen's Museum in 1999 from a loan to a grant. The original appropriations bill from 1999 allocated $20 million in grants and loans from the "1996 Economic Development Site Fund" to various economic development projects in the Delaware River and Bay Region, including the $1.25 million loan and $250,000 grant to the Barnegat Bay Decoy and Baymen's Museum. This bill amends that 1999 legislation to change the $1.25 million loan to the museum into a grant, resulting in a total $1.5 million grant for the museum.

Committee Categories

Government Affairs

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee (on 02/05/2018)
(2 Companion Bills)

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