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NJ S3097

Bill

Status

Passed

9/12/2024

Primary Sponsor

Nellie Pou

Click for details

Origin

Senate

2024-2025 Regular Session

AI Summary

  • Extends the deadline for municipal redevelopers to submit temporary certificates of occupancy for mixed-use parking projects in Garden State Growth Zones from the previous deadline to June 30, 2028

  • Allows developers to amend applications for mixed-use parking projects near national historic parks by excluding visitor centers or youth centers while maintaining maximum grant amounts

  • Establishes grant award formulas for mixed-use parking projects: 100% of parking component costs plus 40% of non-parking component costs for standard projects, or 100% plus 80% for projects on previously tax-credited sites, entertainment venues with 5,000+ seats, or projects near national historic parks

  • Automatically extends all required action dates in existing authority approvals by 30 months for mixed-use parking projects that have not yet commenced construction beyond demolition or site work

  • Requires all mixed-use parking projects receiving grants to comply with LEED environmental standards where applicable standards exist for the project type

Legislative Description

Modifies requirements for certain projects under Economic Redevelopment and Growth Grant program.

Bills and Joint Resolutions Signed by the Governor

Last Action

Approved P.L.2024. c.71.

9/12/2024

Committee Referrals

Budget and Appropriations5/16/2024
Economic Growth4/11/2024

Full Bill Text

No bill text available