ASSEMBLY APPROPRIATIONS COMMITTEE
STATEMENT TO
ASSEMBLY, No. 4733
STATE OF NEW JERSEY
DATED: DECEMBER 10, 2018
The Assembly Appropriations Committee reports favorably Assembly Bill No. 4733.
This bill appropriates $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 provides grants to 20 municipalities. The appropriation and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust.
FISCAL IMPACT:
The Office of Legislative Services notes that this bill appropriates an amount of $15,000,000 in constitutionally dedicated funds.