Bill Text: NJ S2793 | 2024-2025 | Regular Session | Introduced
Bill Title: Appropriates $1.723 million from constitutionally dedicated CBT revenues and "2009 Farmland Preservation Fund" to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Spectrum: Bipartisan Bill
Status: (Engrossed) 2024-05-13 - Received in the Assembly without Reference, 2nd Reading [S2793 Detail]
Download: New_Jersey-2024-S2793-Introduced.html
Sponsored by:
Senator NILSA I. CRUZ-PEREZ
District 5 (Camden and Gloucester)
Senator SHIRLEY K. TURNER
District 15 (Hunterdon and Mercer)
SYNOPSIS
Appropriates $1.723 million from constitutionally dedicated CBT revenues and "2009 Farmland Preservation Fund" to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
CURRENT VERSION OF TEXT
As introduced.
An Act appropriating $1.723 million from constitutionally dedicated corporation business tax revenues and the "2009 Farmland Preservation Fund" to the State Agriculture Development Committee for grants to qualifying tax exempt nonprofit organizations for farmland preservation purposes.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. There is appropriated to the State Agriculture Development Committee the sum of $1,723,000 for the purpose of providing grants to qualifying tax exempt nonprofit organizations, as listed in subsection b. of this section, for up to 50 percent of the cost of acquisition of development easements on farmland or for up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the committee, as follows:
(1) $896,678.23 from dedicated corporation business tax revenues pursuant to Article VIII, Section II, paragraph 6 of the State Constitution in the "Preserve New Jersey Farmland Preservation Fund," established pursuant to section 8 of the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-50), made available due to the reallocation of previously appropriated monies; and
(2) $826,321.77 from the "2009 Farmland Preservation Fund," established pursuant to section 18 of the "Green Acres, Water Supply and Floodplain Protection, and Farmland and Historic Preservation Bond Act of 2009," P.L.2009, c.117, made available due to the reallocation of previously appropriated monies.
b. The following projects are eligible for funding with the monies appropriated pursuant to subsection a. of this section:
|
Applicant (Project) |
Farm |
County |
Municipality |
Amount of Grant Not to Exceed
|
|
The Land Conservancy of New Jersey |
|
|
|
|
|
|
Luksza Living Trust
|
Hunterdon |
Delaware Twp |
$400,850 |
|
|
Joanne L. Hofstetter Rev. Trust & David A. Hofstetter Rev. Trust
|
Hunterdon |
Union Twp |
$190,850 |
|
|
Vosper, Michelle Marie
|
Sussex |
Stillwater Twp
|
$534,200 |
|
|
Hubbard, Adam
|
Sussex |
Wantage Twp
|
$210,600 |
|
|
526 Delaware Rd., LLC
|
Warren |
Blairstown Twp |
$386,500 |
2. The expenditure of the sums appropriated by this act is subject to the provisions and conditions of P.L.2016, c.12 (C.13:8C-43 et seq.), P.L.2009, c.117, P.L.1999, c.152 (C.13:8C-1 et seq.), and P.L.1983, c.32 (C.4:1C-11 et seq.), as appropriate.
3. This act shall take effect immediately.
STATEMENT
This bill would appropriate $1.723 million to the State Agriculture Development Committee (SADC) for farmland preservation purposes. Specifically, the bill would appropriate funds for grants to one qualifying tax exempt nonprofit organization for projects for five farms. The grants provided by the bill are for up to 50 percent of the cost of acquisition of development easements on farmland for farmland preservation purposes, or up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the SADC.
Of the total appropriated, $896,678.23 is from constitutionally dedicated corporation business tax (CBT) revenues, pursuant to Article VIII, Section II, paragraph 6 of the State Constitution, approved by the voters of the State in November 2014. The "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-43 et seq.), implements the constitutional dedication of CBT revenues for open space, farmland, and historic preservation. The "Preserve New Jersey Farmland Preservation Fund" was established pursuant to section 8 of the "Preserve New Jersey Act."
In addition, of the total appropriated, $826,321.77 is from the "2009 Farmland Preservation Fund," established pursuant to section 18 of the "Green Acres, Water Supply and Floodplain Protection, and Farmland and Historic Preservation Bond Act of 2009," P.L.2009, c.117. All the funds in the bill are made available due to the reallocation of previously appropriated monies.
The allocations and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust.
