S 3439 New Jersey Senate · 2024-2025 Regular Session

Revises definition of qualified assistance fund expenses under UEZ program to include costs of transportation infrastructure projects and related debt service.

This bill amends New Jersey's Urban Enterprise Zone (UEZ) program to allow qualifying municipalities to use funds from the Enterprise Zone Assistance Fund for transportation infrastructure projects. It revises the definition of "qualified assistance fund expenses" to explicitly include costs for constructing, repairing, upgrading, or maintaining roads, bridges, public transit facilities, and related debt service. Previously, such projects were limited to corridors within enterprise zones; this change broadens eligibility to all transportation infrastructure improvements statewide. The policy directly affects UEZ program municipalities seeking to fund transportation projects using state assistance funds.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 13, 2024 Last action Jun 28, 2024
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Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
2
Jun 26, 2024
Upper · Passed
Reported out of Senate Committee with Amendments, 2nd Reading
upper
Jun 26, 2024
Committee
Transferred to Senate Budget and Appropriations Committee
upper
Jun 13, 2024
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
2 primary · 3 co-sponsors

Sponsors