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NJ A4573

Bill

Status

Introduced

6/13/2024

Primary Sponsor

Reginald Atkins

Click for details

Origin

General Assembly

2024-2025 Regular Session

AI Summary

  • Directs the Business Action Center in the Department of State to conduct a study on the impact of vacant commercial real estate in New Jersey and submit a written report to the Governor and Legislature within one year

  • Requires the study to examine existing county and local government efforts to track vacant commercial properties and assess programs providing financial or technical assistance to address vacancies

  • Mandates review of municipal governments' progress in utilizing the "Abandoned Properties Rehabilitation Act" (P.L.2003, c.210)

  • Includes a survey of current and prospective business owners regarding their satisfaction with private real estate resources for finding vacant commercial space

  • Takes effect 90 days after enactment

Legislative Description

Requires study of vacant commercial space for small businesses.

2nd Reading in the Assembly

Last Action

Reported out of Assembly Committee, 2nd Reading

12/15/2025

Committee Referrals

Labor9/23/2024
Commerce, Economic Development and Agriculture Committee6/13/2024

Full Bill Text

No bill text available