Requires construction project applicants to disclose project financing.
This bill requires construction permit applicants in New Jersey to disclose the anticipated funding sources and amounts for their projects when applying for permits. It directly affects developers and builders seeking construction permits, mandating this disclosure as part of their initial application. Before receiving a certificate of occupancy, applicants must either certify the accuracy of their submitted funding details or provide updated information. The Commissioner of Community Affairs must create specific rules within 180 days to implement these disclosure requirements.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jun 2024
Committee Review
Floor Vote
Governor
Introduced Jun 20, 2024
Last action Mar 24, 2025
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
2
Mar 24, 2025
Committee
Referred to Senate Budget and Appropriations Committee
upper
Mar 17, 2025
Upper · Passed
Reported out of Senate Committee with Amendments, 2nd Reading
upper
Jun 20, 2024
Introduced
Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee
upper
2 primary · 0 co-sponsors
Sponsors
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