Bill Text: NJ A1057 | 2018-2019 | Regular Session | Introduced
Bill Title: Appropriates $1,737,902 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Spectrum: Partisan Bill (Democrat 4-0)
Status: (Failed) 2018-03-13 - Withdrawn from Consideration [A1057 Detail]
Download: New_Jersey-2018-A1057-Introduced.html
STATE OF NEW JERSEY
218th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION
Sponsored by:
Assemblyman ERIC HOUGHTALING
District 11 (Monmouth)
Assemblywoman JOANN DOWNEY
District 11 (Monmouth)
Assemblyman ADAM J. TALIAFERRO
District 3 (Cumberland, Gloucester and Salem)
Assemblyman BOB ANDRZEJCZAK
District 1 (Atlantic, Cape May and Cumberland)
SYNOPSIS
Appropriates $1,737,902 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act appropriating $1,737,902 from constitutionally dedicated corporation business tax revenues 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 $1,737,902 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), for the purpose of providing grants to qualifying tax-exempt non-profit organizations 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.
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
|
|
D&R Greenway Land Trust |
|
|
|
$312,000 |
|
|
Manno |
Salem |
Quinton Twp
|
|
|
Monmouth Conservation Foundation |
|
|
|
$961,500 |
|
|
DeGroot |
Monmouth |
Colts Neck Twp
|
|
|
New Jersey Conservation Foundation |
|
|
|
$212,500 |
|
|
DiTullio |
Cumberland |
Fairfield Twp
|
|
|
|
Wentzell |
Salem |
Pilesgrove Twp
|
|
|
The Land Conservancy of New Jersey |
|
|
|
$251,902 |
|
|
Santini |
Warren |
Harmony Twp |
|
|
|
Hensler |
Warren |
White Twp
|
|
2. There is appropriated from the General Fund to 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), the sum of $1,737,902 to implement the provisions of this act.
3. 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.1999, c.152 (C.13:8C-1 et seq.), and P.L.1983, c.32 (C.4:1C-11 et seq.), as appropriate.
4. This act shall take effect immediately.
STATEMENT
This bill would appropriate $1,737,902 to the State Agriculture Development Committee (SADC) for farmland preservation purposes.
This funding is from constitutionally dedicated corporation business tax revenues 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).
Specifically, the bill would appropriate funds for grants to four qualifying tax exempt nonprofit organizations for (1) up to 50 percent of the cost of acquisition of development easements on farmland for farmland preservation purposes, or (2) 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.
The allocations and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust.
