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NJ A5120
Bill
Status
12/9/2024
Primary Sponsor
Luanne Peterpaul
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AI Summary
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Appropriates $18,518,738 from constitutionally dedicated corporation business tax revenues to the New Jersey Historic Trust for historic preservation projects and administrative costs
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Provides $15,031,000 in capital preservation grants to 43 historic sites across New Jersey, including projects like the USS New Jersey (BB-62), Atlantic City Convention Hall, Absecon Lighthouse, and Ellis Island facilities
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Allocates $1,467,738 in historic site management grants to 34 projects for preservation planning, condition assessments, historic structure reports, and heritage tourism initiatives
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Designates $100,000 for the purchase of a historic preservation easement in Bordentown City, Burlington County
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Reserves $1,920,000 for the New Jersey Historic Trust's administrative costs in implementing the Preserve New Jersey Act, with any fund transfers or project changes requiring Joint Budget Oversight Committee approval
Legislative Description
Appropriates $18,518,738 from constitutionally dedicated CBT revenues to NJ Historic Trust for grants for certain historic preservation projects and associated administrative expenses.
Substituted by another Bill
Last Action
Substituted by S3922
12/19/2024