A 848 New Jersey General Assembly · 2024-2025 Regular Session

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

This bill adds $35 million in supplemental funding from the General Fund to the "Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund," established by law in 1997 (P.L.1997, c.125). The fund provides loans to New Jersey municipalities for demolishing unsafe buildings in urban and rural centers, with the loans being repaid to the fund for future use. The funding directly supports local governments in addressing hazardous structures, particularly in communities facing aging or deteriorating infrastructure. This is a procedural budget adjustment, not a new policy, and the $35 million will be allocated under the existing Community Development Management program.
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 Community Development and Women's Affairs Committee
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2 primary · 0 co-sponsors

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