ASSEMBLY, No. 692

STATE OF NEW JERSEY

Introduced Pending Technical Review by Legislative Counsel

PRE-FILED FOR INTRODUCTION IN THE 1996 SESSION

By Assemblyman ZISA and Assemblywoman WEINBERG

A Supplement to "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 1996 and regulating the disbursement thereof," approved June 30, 1995 (P.L.1995, c.164).

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

    1. In addition to the amounts appropriated under P.L.1995, c.164, there is appropriated out of the Property Tax Relief Fund the following sum for the purpose specified:

PROPERTY TAX RELIEF FUND

STATE AID

82 DEPARTMENT OF THE TREASURY

70 Government Direction, Management and Control

75 State Subsidies and Financial Aid--State Aid

29-2078 Locally Provided Services ....................... $16,000,000

   State Aid:

        Aid to Densely Populated Municipalities

        (P.L.1990, c.85) ................................ ($16,000,000)

    2. This act shall take effect immediately and shall be retroactive to July 1, 1995.

STATEMENT

    This bill makes a Fiscal Year 1996 supplemental appropriation from the Property Tax Relief Fund of $16 million for the aid to densely populated municipalities program (P.L.1990, c.85; C.52:27D-384 et seq.).

    This supplemental appropriation, together with the appropriation of $17,000,000 in P.L.1995, c.164 will restore the level of State funding for this program to its Fiscal Year 1994 level of $33 million. The FY 96 appropriations act (P.L.1995, c.164) contains language requiring the distribution of these funds to the same municipalities which received funds pursuant to the Fiscal Year 1995 appropriations act in the same proportion as the aid was received in that year.

FY 1996 supplemental appropriation of $16 million for aid to densely populated municipalities program.