A 1223 New Jersey General Assembly · 2024-2025 Regular Session

Authorizes EDA to provide grants from "Global Warming Solutions Fund" to finance replacement of certain agricultural equipment.

This bill authorizes New Jersey's Economic Development Authority (EDA) to provide grants from the "Global Warming Solutions Fund" to help farmers replace inefficient or polluting agricultural equipment with more efficient, less polluting alternatives. It specifically adds agricultural entities to the list of eligible recipients for these grants, which were previously available only to commercial, industrial, and institutional sectors. To qualify, farmers must demonstrate that their old equipment has been dismantled or permanently decommissioned. The grants are funded through 60% of annual appropriations from the Global Warming Solutions Fund, which collects revenue from regional carbon emissions trading (RGGI).
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
1 primary · 0 co-sponsors

Sponsors

Role
Legislator
Party
State
District
P
Photo of Alex Sauickie
Alex Sauickie
RRepublican
NJ
12