S 522 New Jersey Senate · 2024-2025 Regular Session

Requires ballot question on approval of State bond issue to disclose total amount of debt of State or other entity, debt service on which is funded through annual State appropriation.

This bill requires that when New Jersey voters approve state bond issues (via constitutional process), the ballot's interpretive statement must disclose the total outstanding debt of the state, its agencies, and any other entity relying on annual state funding to pay interest and principal. It mandates this debt figure be current as of June 30 of the year before the election. The requirement directly affects voters deciding on bond measures by providing clear, factual debt information alongside the ballot question. This policy change ensures transparency about existing state and entity debt obligations tied to annual state appropriations.
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 Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
upper
2 primary · 0 co-sponsors

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