ASSEMBLY APPROPRIATIONS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 328

STATE OF NEW JERSEY

DATED: FEBRUARY 3, 1997

      The Assembly Appropriations Committee reports favorably Assembly Bill No. 328.

      Assembly Bill No. 328 approves certain farmland preservation projects in northern counties of the State as eligible for funding from the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, and from the "Open Space Preservation Bond Act of 1989," P.L.1989, c.183, with respect to (1) providing grants to counties and municipalities for up to 80% of the cost of acquisition of development easements on farmland; and (2) providing for up to 100% of the cost of acquisition of development easements under such emergency conditions as the State Agriculture Development Committee determines, in accordance with the provisions of the bond acts.

FISCAL IMPACT:

      The funds for these eligible projects are appropriated pursuant to Assembly Bill No. 319 of 1996 or Senate Bill No. 1710 of 1996.