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NJ S4473
Bill
Status
5/19/2025
Primary Sponsor
Shirley Turner
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AI Summary
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Allocates $20 million from constitutionally dedicated Corporation Business Tax (CBT) revenue to fund development and stewardship projects at the State Capitol Complex Park in Trenton, New Jersey
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Creates the "State Capitol Complex Park Fund" managed by the State Treasurer to hold and invest moneys dedicated to the park's recreational and conservation purposes
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Requires Joint Budget Oversight Committee approval for any expenditures from the fund, including changes to project sponsors, sites, or types
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Mandates the State Treasurer to submit annual reports to the Governor and Legislature accounting for all appropriations, expenditures, and uses of fund moneys
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Amends the "Preserve New Jersey Act" to redirect a portion of CBT revenues that would otherwise be distributed among Green Acres, Farmland Preservation, and Historic Preservation funds
Legislative Description
Allocates $20 million of constitutionally dedicated CBT revenue for development and stewardship projects at State Capitol Complex Park for recreation and conservation purposes.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
5/19/2025