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NJ S3723
Bill
Status
3/5/2026
Primary Sponsor
Anthony M. Bucco
Click for details
AI Summary
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Authorizes constitutionally dedicated Corporation Business Tax (CBT) revenues to fund grants to local governments for sewer and stormwater infrastructure projects that reduce nonpoint source pollution and prevent harmful algal blooms in lakes and reservoirs
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Designates the Watershed Management Fund as the repository for 0.3% of annual CBT revenues dedicated to water quality monitoring, watershed planning, and nonpoint source pollution prevention
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Amends the Preserve New Jersey Act to allocate up to 20% of certain Green Acres Fund local government grants (approximately 0.17% of annual CBT revenues) for lake and reservoir management projects aimed at preventing or mitigating harmful algal blooms
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Grants provided under both programs may cover 100% of project costs and can be used as matching funds to secure additional State or federal grants
Legislative Description
Authorizes use of certain constitutionally dedicated CBT revenues for grants for prevention and remediation of harmful algal blooms.
Environment and Energy
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee
3/5/2026