SENATE CONCURRENT RESOLUTION No. 75

STATE OF NEW JERSEY

INTRODUCED MAY 30, 1996

By Senator MARTIN

A Concurrent Resolution approving the Fiscal Year 1997 Financial Plan of the New Jersey Wastewater Treatment Trust.

Whereas, The New Jersey Wastewater Treatment Trust, a State authority established pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), is authorized to make loans to, and to guarantee debt incurred by, local government units for the construction of wastewater treatment system projects; and

Whereas, The New Jersey Wastewater Treatment Trust is required, pursuant to sections 21 and 22 of P.L.1985, c.334 (C.58:11B-21 and 58:11B-22), to submit to the Legislature a financial plan designed to implement the financing of the wastewater treatment system projects on the project priority list developed by the Commissioner of the Department of Environmental Protection and approved by the Legislature for funding during the forthcoming State Fiscal Year; now therefore,

    Be It Resolved by the Senate of the State of New Jersey (the General Assembly concurring):

    1. The Fiscal Year 1997 Financial Plan of the New Jersey Wastewater Treatment Trust, submitted to the President of the Senate on or before May 15, 1996 in accordance with the requirements of section 22 of P.L.1985, c.334 (C.58:11-22) is hereby approved.

STATEMENT

    The passage of a concurrent resolution by each House is the means for the Legislature's approval of the Fiscal Year 1997 Financial Plan of the New Jersey Wastewater Treatment Trust. The Plan was submitted to the President of the Senate on or before May 15, 1996 as required by law to implement financing of projects on the priority list of the Department of Environmental Protection.

Approves FY 1997 Financial Plan of the New Jersey Wastewater Treatment Trust.