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NJ S2065
Bill
Status
1/9/2024
Primary Sponsor
Vin Gopal
Click for details
AI Summary
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Establishes the "New Jersey Business Recovery Grant Program" through the New Jersey Economic Development Authority to award grants of up to $25,000 to qualified chambers of commerce for programming and regular operations
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Creates the "New Jersey Business Recovery Fund" to provide funding for the grant program, with an initial appropriation of $1.5 million from the General Fund
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Defines "qualified chamber of commerce" as an association operating exclusively on behalf of a business community within New Jersey that serves a geographic region larger than a single municipality
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Requires the authority to establish application procedures, timelines, reporting requirements for grant recipients, and other necessary administrative policies
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Takes effect 90 days after enactment, with the authority permitted to adopt emergency regulations immediately upon filing for up to 12 months
Legislative Description
Requires EDA to establish program providing grants to certain chambers of commerce; appropriates $1.5 million.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/9/2024