Bill Text: NJ A1245 | 2022-2023 | Regular Session | Introduced

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Bill Title: Makes FY 2020 supplemental appropriation of $25 million for Economic Development Authority for augmenting State's investment in technology start-up ventures.

Spectrum: Partisan Bill (Democrat 1-0)

Status: (Introduced - Dead) 2022-01-11 - Introduced, Referred to Assembly Science, Innovation and Technology Committee [A1245 Detail]

Download: New_Jersey-2022-A1245-Introduced.html

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ASSEMBLY, No. 1245

STATE OF NEW JERSEY

220th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2022 SESSION

 

 

Sponsored by:

Assemblywoman  ELIANA PINTOR MARIN

District 29 (Essex)

 

 

 

 

SYNOPSIS

     Makes FY 2020 supplemental appropriation of $25 million for Economic Development Authority for augmenting State's investment in technology start-up ventures.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  

A Supplement to "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2020 and regulating the disbursement thereof," approved June 30, 2019 (P.L.2019, c.150).

 

     Be It Enacted by the Senate and the General Assembly of the State of New Jersey:

 

     1.    In addition to the amounts appropriated under P.L.2019, c.150, the annual State appropriations act for Fiscal Year 2020, there is appropriated out of the General Fund the following sum for the purpose specified:

 

82 DEPARTMENT OF TREASURY 50  Economic Planning, Development, and Security 51  Economic Planning and Development   GRANTS-IN-AID
38-2043	Economic Development ...............................		$25,000,000
	Total Grants-in-Aid Appropriation,    Economic Planning and Development .........		$25,000,000
Grants-in-Aid:
38	Newark Venture Partners- Public Private Partnership for     Technology .............................	($25,000,000)

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill supplements the FY 2020 appropriations act by appropriating $25 million to the Economic Development Authority to augment the State's investment in technology start-up ventures.