SENATE ENVIRONMENT COMMITTEE

 

STATEMENT TO

 

SENATE, No. 1711

 

with committee amendments

 

STATE OF NEW JERSEY

 

DATED: JANUARY 27, 1997

 

      The Senate Environment Committee reports favorably Senate Bill No. 1711 with committee amendments.

      This bill, as amended, would appropriate to the New Jersey Historic Trust from the "1992 Historic Preservation Fund" established pursuant to section 25 of the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, the sum of $6,334,437 for the purpose of making grants, to be awarded by the New Jersey Historic Trust, for historic preservation projects in southern New Jersey, which sum would include administrative costs of the New Jersey Historic Trust incurred in administering the bill. The bill would also appropriate to the New Jersey Historic Trust from the "1992 Historic Preservation Fund" the sum of $102,500 for the purpose of funding the monitoring and enforcement of historic preservation easements, restrictions, or other requirements associated with the projects funded pursuant to this bill and a companion bill for northern New Jersey (Senate Bill No. 1709 of 1996 or Assembly Bill No. 385 of 1996).

      The bill provides that any transfer of any funds or project sponsor listed in the bill would require the approval of the Joint Budget Oversight Committee or its successor.

      The bill also provides that to the extent monies remain available after the projects listed in the bill are offered funding, the historic preservation projects listed in a companion bill for northern New Jersey (Senate Bill No. 1709 of 1996 or Assembly Bill No. 385 of 1996) would be eligible for additional funding, including administrative costs, in a sequence consistent with the priority system established by the New Jersey Historic Trust, but only with the approval of the Joint Budget Oversight Committee or its successor.

      The committee amended the bill to add a grant of $1,245,000 for the Roebling Machine Shop located in Trenton, Mercer County.

      As amended by committee, this bill is identical to Assembly Bill No. 362.