Loading chat...
NJ A5801
Bill
Status
6/30/2025
Primary Sponsor
Roy Freiman
Click for details
AI Summary
-
Appropriates $222,000,000 to the Department of Corrections for designing and constructing a new facility to replace the Edna Mahan Correctional Facility for Women
-
Appropriates $25,128,000 to the Department of the Treasury for capital construction projects recommended by the New Jersey Commission on Capital Budgeting and Planning
-
Remaining funds in the Debt Defeasance and Prevention Fund may be used to retire and defease State debts, with the State Treasurer required to report to the Joint Budget Oversight Committee on savings achieved
-
Remaining funds may also be used to fund capital projects where State debt is already authorized or where bond issuances would otherwise be needed, constituting debt avoidance
-
Joint Budget Oversight Committee must meet quarterly to approve proposed capital projects, with automatic approval if the committee fails to meet and recommendations were submitted at least 45 days before quarter's end
Legislative Description
Appropriates $247,128,000 from "New Jersey Debt Defeasance and Prevention Fund"; establishes process for authorizing future appropriations for debt defeasance and capital projects.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.73.
6/30/2025