NJ A4053

Transfers the New Jersey Historic Trust from the Department of State to the Department of Community Affairs, aligning statutory law with the Trust's current affiliation since 2002

Replaces the Executive Director of the New Jersey Historical Commission with the Commissioner of Community Affairs (or designee) as an ex officio trustee on the 15-member board

Expands required qualifications for citizen trustees to include five years' experience in historic preservation, fundraising, redevelopment and financing, architecture, planning, archaeology, or cultural nonprofit management

Allows the Trust to retain excess fees collected from conferences, workshops, education initiatives, and publications in non-lapsing accounts for future use, rather than depositing surpluses into the General Fund

Authorizes the Trust to set loan application fees by regulation (removing the previous $100 cap) and permits collection of loan closing costs from applicants