Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."
This bill explicitly adds property acquisition (such as buying or leasing land) to the list of expenses eligible for funding under New Jersey's Urban Enterprise Zone (UEZ) assistance program. It amends the definition of "qualified assistance fund expense" to include these costs, clarifying that they can now be covered by the fund for businesses in enterprise zones. This change directly affects the UEZ Authority and participating municipalities, allowing them to use assistance funds for property-related projects like business expansion or development. The amendment provides clear guidance on fund usage without altering other existing provisions of the UEZ program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026
Last action Jan 13, 2026
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Full legislative history
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1
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Committee
0
Jan 13, 2026
Introduced
Introduced, Referred to Assembly Commerce and Economic Development Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Avi Schnall
DDemocratic
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