Proposes constitutional amendment to require voter approval of dedicated revenue source for certain bonded indebtedness for State transportation system.
ACR 88 proposes a constitutional amendment requiring New Jersey voters to approve any dedicated revenue source used to fund state transportation projects through borrowing. It applies specifically to debt for "planning, acquisition, engineering, construction, reconstruction, repair, or rehabilitation" of the state's transportation system. The bill mandates that before the state can borrow money for these projects, it must identify a specific revenue source (like a tax or fee) and secure voter approval for that funding method at a general election. This would prevent the state from using general funds or unapproved revenue streams for transportation bonds without direct voter consent.
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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Transportation and Independent Authorities Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Lou Greenwald
DDemocratic
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