Loading chat...
NJ A3698
Bill
Status
2/12/2024
Primary Sponsor
Verlina Reynolds-Jackson
Click for details
AI Summary
-
Appropriates $1.723 million to the State Agriculture Development Committee for farmland preservation grants to qualifying tax-exempt nonprofit organizations
-
Allocates $896,678.23 from constitutionally dedicated corporation business tax revenues in the "Preserve New Jersey Farmland Preservation Fund" and $826,321.77 from the "2009 Farmland Preservation Fund"
-
Grants cover up to 50% of the cost for acquiring development easements on farmland or fee simple titles for resale/lease with agricultural deed restrictions
-
Funds five specific farm projects managed by The Land Conservancy of New Jersey in Hunterdon, Sussex, and Warren counties, with individual grants ranging from $190,850 to $534,200
-
All appropriated funds come from reallocation of previously appropriated monies and have been approved by the SADC and Garden State Preservation Trust
Legislative Description
Appropriates $1.723 million from constitutionally dedicated CBT revenues and "2009 Farmland Preservation Fund" to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Substituted by another Bill
Last Action
Substituted by S2793
6/28/2024