Bill Text: NJ S3181 | 2018-2019 | Regular Session | Introduced
Bill Title: Appropriates $1,591,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
Spectrum: Slight Partisan Bill (Democrat 3-1)
Status: (Introduced - Dead) 2018-12-17 - Substituted by A4735 [S3181 Detail]
Download: New_Jersey-2018-S3181-Introduced.html
Sponsored by:
Senator NILSA CRUZ-PEREZ
District 5 (Camden and Gloucester)
Senator VIN GOPAL
District 11 (Monmouth)
Co-Sponsored by:
Senator Oroho
SYNOPSIS
Appropriates $1,591,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.
CURRENT VERSION OF TEXT
As introduced.
An Act appropriating $1,591,000 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 $1,591,000 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 |
|
|
|
$403,000 |
|
|
Muscente (D&RGLT) |
Mercer |
Hopewell Twp
|
|
|
Monmouth Conservation Foundation |
|
|
|
$490,000 |
|
|
Druesne, B&M |
Monmouth |
Colts Neck Twp
|
|
|
New Jersey Conservation Foundation |
|
|
|
$557,000 |
|
|
Parave, J&E |
Salem |
Alloway Twp
|
|
|
|
Palermo Show Stable |
Somerset |
Bedminster Twp
|
|
|
The Land Conservancy of New Jersey |
|
|
|
$141,000 |
|
|
Gang, W&L |
Warren |
Frelinghuysen Twp
|
|
|
|
Gibb, J&M |
Warren |
Washington 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 $1,591,000 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 $1,591,000 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.
