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NJ A4573
Bill
Status
6/13/2024
Primary Sponsor
Reginald Atkins
Click for details
AI Summary
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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
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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
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Mandates review of municipal governments' progress in utilizing the "Abandoned Properties Rehabilitation Act" (P.L.2003, c.210)
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Includes a survey of current and prospective business owners regarding their satisfaction with private real estate resources for finding vacant commercial space
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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