SENATE ECONOMIC GROWTH, AGRICULTURE AND TOURISM COMMITTEE

 

STATEMENT TO

 

SENATE, No. 1706

 

STATE OF NEW JERSEY

 

DATED: MAY 8, 1997

 

      The Senate Economic Growth, Agriculture and Tourism Committee favorably reports Senate Bill No. 1706.

      This bill would appropriate $302,000 from the $5 million allocation of bonds authorized for the "1996 Lake Restoration Fund" under the "Port of New Jersey Revitalization, Dredging, Environmental Cleanup, Lake Restoration, and Delaware Bay Area Economic Development Bond Act of 1996." This sum would provide grants, as authorized under section 9 (a) (1) of the bond act, to certain Monmouth County municipalities for the purpose of financing ongoing or new lake restoration projects at the three lakes listed in the bill.