Authorizes municipalities to establish dredging control reserve fund.
This bill allows New Jersey municipalities to create a "dredging control reserve fund" to manage unspent annual dredging budgets. Municipalities can transfer leftover funds from yearly dredging expenses into this reserve, then use those funds for future dredging projects - such as maintaining navigation channels, managing dredged material, or supporting waterfront infrastructure. Reimbursements for these projects must be returned to the reserve. The fund aims to help local governments support maritime, tourism, and recreation industries through more flexible waterway maintenance. (2 sentences, as it is a procedural funding mechanism.)
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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Full legislative history
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1
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0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee
lower
2 primary · 0 co-sponsors
Sponsors
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