[Second Reprint]

SENATE, No. 1364

STATE OF NEW JERSEY

218th LEGISLATURE

INTRODUCED FEBRUARY 1, 2018

Sponsored by:

Senator  JEFF VAN DREW

District 1 (Atlantic, Cape May and Cumberland)

Assemblyman  BOB ANDRZEJCZAK

District 1 (Atlantic, Cape May and Cumberland)

Assemblyman  R. BRUCE LAND

District 1 (Atlantic, Cape May and Cumberland)

Assemblyman  MATTHEW W. MILAM

District 1 (Atlantic, Cape May and Cumberland)

Co-Sponsored by:

Assemblyman Giblin

SYNOPSIS

     Provides funding from the General Fund to the Greater Wildwoods Tourism Improvement and Development Authority; appropriates $4 million.

CURRENT VERSION OF TEXT

     As reported by the Assembly Appropriations Committee on January 28, 2019, with amendments.

An Act providing funding from the General Fund to the Greater Wildwoods Tourism Improvement and Development Authority, supplementing P.L.1992, c.165 (C.40:54D-1 et seq.) ², and making an appropriation².

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

     1.    ²[There] Beginning in fiscal year 2020 and in each fiscal year thereafter prior to fiscal year 2034, there² shall be appropriated ²[annually] $4,000,000² from the General Fund to the Greater Wildwoods Tourism Improvement and Development Authority established pursuant to section 18 of P.L.1992, c.165 (C.40:54D-18) ¹[, in addition to the amounts collected by the director from within the municipalities of the authority from the tax on predominantly tourism related retail receipts pursuant to subsection b. of section 6 of P.L.1992, c.165 (C. 40:54D-6) in the current year,]^{1 2}[an amount equal to the amount of revenues collected by the director from within the municipalities of the authority from the tax on predominantly tourism related retail receipts pursuant to subsection b. of section 6 of P.L.1992, c.165 (C. 40:54D-6) in the prior year, to be applied as set forth by section 21 of P.L.1992, c.165 (C.40:54D-21)]².  ²Any amounts appropriated to the authority pursuant to this section shall be expended exclusively for boardwalk construction, maintenance, reconstruction, and repair.²

²2.   There is appropriated from the General Fund to the Greater Wildwoods Tourism Improvement and Development Authority the sum of $4,000,000 for the purposes described in section 1 of this act.²

     ²[2.] 3.²  This act shall take effect immediately ²[and apply years beginning after its date of enactment]².