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NJ A5863
Bill
Status
6/19/2025
Primary Sponsor
Dan Hutchison
Click for details
AI Summary
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Appropriates $500,000 from constitutionally dedicated corporation business tax (CBT) revenues to the State Agriculture Development Committee for municipal planning incentive grants for farmland preservation
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Designates Oldmans Township in Salem County as the sole eligible recipient of the $500,000 base grant
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Makes Oldmans Township eligible for an additional $1,000,000 in competitive grant funding from previously appropriated funds under P.L.2019, c.450 and P.L.2020, c.139
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Total potential funding for Oldmans Township reaches $1.5 million when combining the base grant with eligible competitive grants
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Funds are deposited into the "Preserve New Jersey Farmland Preservation Fund" established under the Preserve New Jersey Act (P.L.2016, c.12)
Legislative Description
Appropriates $500,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.
Substituted by another Bill
Last Action
Substituted by S4566
12/8/2025