Loading chat...
NJ S852
Bill
Status
1/13/2026
Primary Sponsor
Michael Testa
Click for details
AI Summary
-
Expands the New Jersey Economic Development Authority (EDA) small business loan program to include broadband telecommunications service providers certified by the Board of Public Utilities to serve rural areas
-
Defines "broadband telecommunications service" as high-speed internet with minimum speeds of 25 megabits per second download and 3 megabits per second upload
-
Defines "rural area" as municipalities with 30,000 or fewer inhabitants and population density under 4,000 persons per square mile
-
Eligible broadband providers include persons, businesses, corporations, partnerships, and rural electric cooperatives certified by the Board of Public Utilities
-
Requires the EDA to consult with the Board of Public Utilities when administering loans to broadband providers and when adopting implementing rules and regulations
Legislative Description
Expands EDA small business loan program to include certain broadband telecommunications service providers.
Economic Growth
Last Action
Introduced in the Senate, Referred to Senate Economic Growth Committee
1/13/2026