Bill

Bill > A3804


NJ A3804

NJ A3804
Dedicates $500,000 annually in revenues from vessel registration and renewal fees to NJ Greenwood Lake Fund.


summary

Introduced
04/05/2018
In Committee
11/14/2019
Crossed Over
Passed
Dead
01/08/2020

Introduced Session

2018-2019 Regular Session

Bill Summary

This bill would establish the "New Jersey Greenwood Lake Fund" as a nonlapsing, revolving fund in the Department of Environmental Protection. The fund will be administered by the department, and is required to be annually credited with $500,000 in revenue from the New Jersey vessel registration and renewal fees from the "Maritime Industry Fund." The moneys would be used by the Greenwood Lake Commission for the protection, preservation, restoration, maintenance, management, and enhancement of the lake which supports the "Maritime Industry Fund's" purpose of providing money for projects that support New Jersey's maritime industry. This legislation would not require matching funds from the State of New York if used solely for the protection, preservation, maintenance, management, or enhancement of the New Jersey side of Greenwood Lake. In addition, when joint funding is required by the Greenwood Lake Commission, the State of New York is not required to provide moneys from a similar source as the State of New Jersey. Greenwood Lake is an interstate lake approximately nine miles long, straddling the border of New York and New Jersey. It is located in West Milford, New Jersey (in Passaic County) and Greenwood Lake, New York (in Orange County). Greenwood Lake feeds North Jersey's major source of drinking water, the Monksville and Wanaque Reservoir, and supplies drinking water to 3.5 million residents and thousands of businesses on a daily basis. Additionally, Greenwood Lake is a popular destination for outdoor activities, such as fishing, water skiing, jet skiing, canoeing, kayaking, swimming, boating, and other water activities, and hiking in the surrounding parks.

AI Summary

This bill establishes the "New Jersey Greenwood Lake Fund" as a nonlapsing, revolving fund in the Department of Environmental Protection, which will be annually credited with $500,000 in revenue from New Jersey's vessel registration and renewal fees. The monies in the fund will be used solely for the protection, preservation, maintenance, management, or enhancement of the New Jersey side of Greenwood Lake, an interstate lake that serves as a major source of drinking water for 3.5 million residents and supports various outdoor activities. The bill allows the use of these funds without matching funds from New York, and does not require New York to provide monies from a similar source when joint funding is required by the Greenwood Lake Commission.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (6)

Last Action

Substituted by S2167 (1R) (on 11/25/2019)

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