ASSEMBLY AGRICULTURE AND NATURAL RESOURCES COMMITTEE

STATEMENT TO

ASSEMBLY, No. 4733

STATE OF NEW JERSEY

DATED:  DECEMBER 6, 2018

      The Assembly Agriculture and Natural Resources Committee reports favorably Assembly Bill No. 4733.

      This bill would appropriate $15,000,000 to the State Agriculture Development Committee (SADC) for municipal planning incentive grants pursuant to a program established by P.L.1999, c.180 (C.4:1C-43.1) for farmland preservation purposes.

      This funding is from constitutionally dedicated corporation business tax revenues in the “Preserve New Jersey Farmland Preservation Fund,” established pursuant to section 8 of the “Preserve New Jersey Act,” P.L.2016, c.12 (C.13:8C-50).

      This bill would provide grants to 20 municipalities. The appropriation and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust.