ASSEMBLY APPROPRIATIONS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 40

STATE OF NEW JERSEY

DATED: JUNE 20, 1996

      The Assembly Appropriations Committee reports favorably Assembly Bill No. 40.

      Assembly Bill No. 40 appropriates or reappropriates to the Department of Environmental Protection (DEP) from the 1995, 1992, and 1989 Green Acres bond acts the sum of $22,536,000 to provide matching grants to assist qualifying tax exempt nonprofit organizations to acquire lands for recreation and conservation purposes, which sum would include administrative costs.

      To the extent that moneys remain available after the projects listed in this bill are offered funding or additional funding pursuant thereto, the projects of qualifying tax exempt nonprofit organizations listed in subsection a. of section 1 of P.L.1994, c.38, and in paragraph (3) of subsection a. of section 1 of P.L.1991, c.522, would be eligible for funding, including administrative costs, in a sequence consistent with the priority system established by the DEP, and subject to the approval of the Joint Budget Oversight Committee or its successor.

      The appropriation made by this bill would exhaust all Green Acres bond act funds allocated for matching grants to nonprofit organizations.

FISCAL IMPACT:

      The bill appropriates or reappropriates to the DEP from 1995, 1992, and 1989 Green Acres bond acts the sum of $22,536,000 to provide matching grants to assist qualifying tax exempt nonprofit organizations to acquire bonds for recreation and conservation purposes, which sum would include administrative costs.