ASSEMBLY, No. 4735

STATE OF NEW JERSEY

218th LEGISLATURE

 

INTRODUCED OCTOBER 29, 2018

 


 

Sponsored by:

Assemblyman  ERIC HOUGHTALING

District 11 (Monmouth)

Assemblyman  ANTHONY S. VERRELLI

District 15 (Hunterdon and Mercer)

Assemblyman  ADAM J. TALIAFERRO

District 3 (Cumberland, Gloucester and Salem)

Senator  NILSA CRUZ-PEREZ

District 5 (Camden and Gloucester)

Senator  VIN GOPAL

District 11 (Monmouth)

 

Co-Sponsored by:

Assemblyman Burzichelli, Assemblywoman Reynolds-Jackson, Assemblymen Dancer, Wirths, Space, DiMaio, Assemblywoman Pinkin, Senators Oroho and Turner

 

 

 

 

SYNOPSIS

     Appropriates $1,591,000 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.

 

CURRENT VERSION OF TEXT

     As introduced.

  


An Act appropriating $1,591,000 from constitutionally dedicated corporation business tax revenues to the State Agriculture Development Committee for grants to qualifying tax exempt nonprofit organizations for farmland preservation purposes.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a. There is appropriated to the State Agriculture Development Committee the sum of $1,591,000 from dedicated corporation business tax revenues pursuant to Article VIII, Section II, paragraph 6 of the State Constitution 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), for the purpose of providing grants to qualifying tax-exempt non-profit organizations listed in subsection b. of this section for up to 50 percent of the cost of acquisition of development easements on farmland or for up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the committee. 

     b.  The following projects are eligible for funding with the monies appropriated pursuant to subsection a. of this section:

 

Applicant

(Project)

Farm

County

Municipality

Amount of

 Grant Not

  to Exceed

 

D&R Greenway Land Trust

 

 

 

      $403,000

 

Muscente (D&RGLT)

Mercer

Hopewell Twp

 

 

Monmouth Conservation Foundation

 

 

 

$490,000

 

Druesne, B&M

Monmouth

Colts Neck Twp

 

 

New Jersey Conservation Foundation

 

 

 

$557,000

 

Parave, J&E

Salem

Alloway Twp

 

 

 

 

Palermo Show

Stable

Somerset

Bedminster Twp

 

 

The Land Conservancy of New Jersey

 

 

 

$141,000

 

Gang, W&L

Warren

Frelinghuysen Twp

 

 

 

Gibb, J&M

Warren

Washington Twp

 

 

 

     2.  There is appropriated from the General Fund to 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), the sum of $1,591,000 to implement the provisions of this act.

 

     3.  The expenditure of the sums appropriated by this act is subject to the provisions and conditions of P.L.2016, c.12 (C.13:8C-43 et seq.), P.L.1999, c.152 (C.13:8C-1 et seq.), and P.L.1983, c.32 (C.4:1C-11 et seq.), as appropriate.

 

     4.  This act shall take effect immediately.

 

 

STATEMENT

 

     This bill would appropriate $1,591,000 to the State Agriculture Development Committee (SADC) 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).

     Specifically, the bill would appropriate funds for grants to four qualifying tax exempt nonprofit organizations for (1) up to 50 percent of the cost of acquisition of development easements on farmland for farmland preservation purposes, or (2) up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the SADC.

     The allocations and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust.