Modifies requirements for certain projects under Economic Redevelopment and Growth Grant program.
This bill extends deadlines for submitting temporary certificates of occupancy for certain redevelopment projects under New Jersey's Economic Redevelopment and Growth Grant program. Specifically, it pushes the deadline from June 30, 2026 to June 30, 2028 for mixed use parking projects and residential projects in Garden State Growth Zones with populations over 125,000 (excluding certain counties). The bill also modifies project cost definitions to include capitalized interest paid to third parties, debt service reserve funds, and up to 20% of total project costs for non-construction expenses. These changes apply to projects that were approved after specific dates and meet certain criteria related to municipal support and location.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2024
Committee Review
Floor Vote
Governor
Introduced May 2, 2024
Last action Jun 28, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
4
Key actions
1
Committee
2
Jun 24, 2024
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
May 13, 2024
Committee
Reported out of Assembly Committee with Amendments and Referred to Assembly Appropriations Committee
lower
May 2, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Commerce, Economic Development and Agriculture Committee
lower
2 primary · 0 co-sponsors
Sponsors
Ask Maddy
·
AI policy assistant
Ask Maddy about A 4226
Scope: NJ
Hi! I can help you understand A 4226. What would you like to know?
Try one of these
i
Maddy answers using official bill text and legislative records. Always verify before sharing.
Sources cited inline