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NJ A5865
Bill
Status
6/19/2025
Primary Sponsor
Rosy Bagolie
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AI Summary
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Appropriates $3,750,990 to the State Agriculture Development Committee from constitutionally dedicated corporation business tax revenues for farmland preservation grants to tax-exempt nonprofit organizations
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Provides grants covering up to 50% of costs for acquiring development easements on farmland or fee simple titles for resale/lease with agricultural deed restrictions
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Funds eight farm projects in Warren and Sussex counties, all administered by The Land Conservancy of New Jersey, with individual grants ranging from $177,450 to $2,000,100
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Sources funding from the Preserve New Jersey Farmland Preservation Fund, with $3,561,350 from reallocated previously appropriated monies and $189,640 in new funds
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Allocates $591,700 specifically for three farms (Hubbard, Vosper, and 526 Delaware Rd. LLC) that were previously funded in fiscal year 2024, with unused grant monies available for allowable project costs
Legislative Description
Appropriates $3,750,990 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Substituted by another Bill
Last Action
Substituted by S4551
12/8/2025