ASSEMBLY HOUSING COMMITTEE

STATEMENT TO

SENATE, No. 1295

STATE OF NEW JERSEY

DATED: SEPTEMBER 19, 1996

      The Assembly Housing Committee reports favorably Senate Bill No. 1295.

      This bill amends P.L.1995, c.423 in order to correctly validate a tax exemption or abatement for a low or moderate income senior citizen housing project, known as Gillette Manor, in Sayreville.