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NJ S2792

Bill

Official Source

Status

Passed

7/10/2024

Primary Sponsor

Nilsa Cruz-Perez

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Appropriates $500,000 to the State Agriculture Development Committee for municipal planning incentive grants for farmland preservation
  • Funding comes from two sources: $200,000 from the Preserve New Jersey Farmland Preservation Fund (corporation business tax revenues) and $300,000 from the 2009 Farmland Preservation Fund
  • Designates Washington Township in Warren County as the sole eligible recipient of the $500,000 grant
  • Allows Washington Township to receive up to $1,000,000 total in competitive grant funds, combining this appropriation with funds from previous legislation (P.L.2019, c.450 and P.L.2020, c.139)
  • Appropriates an additional $200,000 from the General Fund to the Preserve New Jersey Farmland Preservation Fund to implement the act

Legislative Description

Appropriates $500,000 from constitutionally dedicated CBT revenues and "2009 Farmland Preservation Fund" to State Agriculture Development Committee for municipal planning incentive grants for farmland preservation purposes.

Bills and Joint Resolutions Signed by the Governor

Last Action

Approved P.L.2024, c.29.

7/10/2024

Committee Referrals

State Government, Wagering, Tourism & Historic Preservation2/15/2024

Full Bill Text

No bill text available