ASSEMBLY COMMERCE AND MILITARY AND VETERANS' AFFAIRS COMMITTEE

STATEMENT TO

ASSEMBLY, No. 1515

STATE OF NEW JERSEY

DATED: JUNE 3, 1996

      The Assembly Commerce and Military and Veterans' Affairs Committee reports favorably Assembly Bill No. 1515.

      As reported, this bill requires an appropriation of $2 million annually, beginning with the 1996-1997 fiscal year and for each fiscal year thereafter up to and including the fiscal year that ends June 30, 2012, to the New Jersey Economic Development Authority to support its investment, loan and other authorized activities.