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NJ A4770
Bill
Status
3/19/2026
Primary Sponsor
Aura Dunn
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AI Summary
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Doubles watershed moratorium offset aid and watershed property municipal aid from $47 to $94 per acre for municipalities hosting watershed lands in New Jersey's Highlands region
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Increases annual appropriation to the Highlands Protection Fund from realty transfer fee revenues from $5 million to $12 million per year
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Expands eligible funding sources to include the Global Warming Solutions Fund (RGGI revenues) and the Watershed Management Fund (corporation business tax revenues) for watershed aid payments
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Requires municipalities receiving watershed aid to allocate at least 25% of funds to school funding purposes
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Codifies the watershed moratorium permanently, prohibiting municipalities, municipal utilities authorities, and public utilities from conveying land used for public water supply protection
Legislative Description
Increases amounts of aid paid to certain municipalities that host watershed lands; increases amount annually appropriated to "Highlands Protection Fund" from realty transfer fee revenues.
Agriculture and Natural Resources
Last Action
Introduced, Referred to Assembly Agriculture and Natural Resources Committee
3/19/2026