CHAPTER 51

An Act appropriating funds from the Petroleum Overcharge Reimbursement Fund to the Board of Public Utilities.

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

    1. There is appropriated from the "Petroleum Overcharge Reimbursement Fund" created pursuant to section 1 of P.L.1987, c.231 (C.52:18A-209), the sum of $8,000,000 to the Department of the Treasury for distribution by the Board of Public Utilities to be used as follows: $3,500,000 for zero interest or low interest loans to State agencies or other facilities that are not eligible for loans from the State Energy Conservation Bond fund and the remainder in unspecified amounts for energy efficiency rehabilitation grants for public or private schools or nonprofit hospitals through the Institutional Conservation Program, grants for eligible energy conservation projects of local government entities, and grants or zero interest or low interest loans to State agencies or local government entities for the purchase of alternative fuel vehicles and the associated refueling infrastructure. The Board of Public Utilities shall administer the distribution of these monies.

    2. This act shall take effect July 1, 1996.

    Approved June 28, 1996.