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NJ S2780
Bill
Status
2/15/2024
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
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Appropriates $45,000,000 from the Transportation Trust Fund Account - Subaccount for Capital Reserves to the Palisades Interstate Park Commission for disaster recovery construction projects
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Funding is administered through the Department of Environmental Protection and requires approval from the Director of the Division of Budget and Accounting
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The Palisades Interstate Park Commission must enter into a memorandum of understanding with the Commissioner of Environmental Protection and the Department of Treasury establishing terms and conditions
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Full repayment of the $45 million to the Department of Treasury is mandatory, regardless of whether the commission receives federal reimbursement, grants, or other financial assistance
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All repayments will be deposited back into the Transportation Trust Fund Account - Subaccount for Capital Reserves
Legislative Description
Requires SJTA to suspend certain tolls on the Atlantic City Expressway in certain circumstances.
Transportation
Last Action
Introduced in the Senate, Referred to Senate Transportation Committee
2/15/2024