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NJ S4041
Bill
Status
3/23/2026
Primary Sponsor
Anthony M. Bucco
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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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Authorizes use of the Global Warming Solutions Fund (RGGI revenues) and Watershed Management Fund (corporation business tax revenues) to finance watershed offset aid payments
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Requires municipalities receiving watershed aid to allocate at least 25% of funds for school funding purposes
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Codifies the watershed moratorium permanently, prohibiting municipalities, utilities authorities, and public utilities from conveying any 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.
Environment and Energy
Last Action
Introduced in the Senate, Referred to Senate Environment and Energy Committee
3/23/2026