Bill Text: NJ A848 | 2024-2025 | Regular Session | Introduced

---

Bill Title: Makes supplemental appropriation of $35 million to "Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund."

Spectrum: Partisan Bill (Democrat 3-0)

Status: (Introduced) 2024-01-09 - Introduced, Referred to Assembly Community Development and Women's Affairs Committee [A848 Detail]

Download: New_Jersey-2024-A848-Introduced.html

---

ASSEMBLY, No. 848

STATE OF NEW JERSEY

221st LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION

 

 

Sponsored by:

Assemblywoman  VERLINA REYNOLDS-JACKSON

District 15 (Hunterdon and Mercer)

Assemblyman  BENJIE E. WIMBERLY

District 35 (Bergen and Passaic)

Assemblyman  REGINALD W. ATKINS

District 20 (Union)

 

 

 

 

SYNOPSIS

     Makes supplemental appropriation of $35 million to "Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund".

 

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, 2023 and regulating the disbursement thereof," approved, June 30, 2022 (P.L.2022, c.49).

 

     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.2022, c.49), the annual appropriations act for Fiscal Year 2022-2023, there is appropriated out of the General Fund the following sum for the purpose specified:

 

22 DEPARTMENT OF COMMUNITY AFFAIRS 40 Community Development and Environmental Management 41 Community Development Management   STATE AID
06-8015	Uniform Construction Code .................................		$35,000,000
	Total State Aid Appropriation, Community Development Management ..........................		$35,000,000
State Aid:
06	Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund (P.L.1997, c.125) .....	($35,000,000)

 

     2.    This act shall take effect immediately.

 

 

STATEMENT

 

      This bill provides a supplemental appropriation of $35 million from the General Fund to the "Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund."  This fund was established pursuant to P.L.1997, c.125 to assist municipalities with building demolition and disposal projects.