Bill Text: NJ A1057 | 2018-2019 | Regular Session | Introduced


Bill Title: Appropriates $1,737,902 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.

Spectrum: Partisan Bill (Democrat 4-0)

Status: (Failed) 2018-03-13 - Withdrawn from Consideration [A1057 Detail]

Download: New_Jersey-2018-A1057-Introduced.html

ASSEMBLY, No. 1057

STATE OF NEW JERSEY

218th LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2018 SESSION

 


 

Sponsored by:

Assemblyman  ERIC HOUGHTALING

District 11 (Monmouth)

Assemblywoman  JOANN DOWNEY

District 11 (Monmouth)

Assemblyman  ADAM J. TALIAFERRO

District 3 (Cumberland, Gloucester and Salem)

Assemblyman  BOB ANDRZEJCZAK

District 1 (Atlantic, Cape May and Cumberland)

 

 

 

 

SYNOPSIS

     Appropriates $1,737,902 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


An Act appropriating $1,737,902 from constitutionally dedicated corporation business tax revenues to the State Agriculture Development Committee for grants to qualifying tax exempt nonprofit organizations for farmland preservation purposes.

 

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

 

     1.    a. There is appropriated to the State Agriculture Development Committee the sum of $1,737,902 from dedicated corporation business tax revenues pursuant to Article VIII, Section II, paragraph 6 of the State Constitution in the "Preserve New Jersey Farmland Preservation Fund," established pursuant to section 8 of the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-50), for the purpose of providing grants to qualifying tax-exempt non-profit organizations listed in subsection b. of this section for up to 50 percent of the cost of acquisition of development easements on farmland or for up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the committee. 

     b.    The following projects are eligible for funding with the monies appropriated pursuant to subsection a. of this section:

 

Applicant

(Project)

Farm

County

Municipality

Amount of

 Grant Not

  to Exceed

 

 

D&R Greenway Land Trust

 

 

 

      $312,000

 

Manno

Salem

Quinton Twp

 

 

Monmouth Conservation Foundation

 

 

 

$961,500

 

DeGroot

Monmouth

Colts Neck Twp

 

 

New Jersey Conservation Foundation

 

 

 

$212,500

 

DiTullio

Cumberland

Fairfield Twp

 

 

 

Wentzell

Salem

Pilesgrove Twp

 

 

The Land Conservancy of New Jersey

 

 

 

$251,902

 

Santini

Warren

Harmony Twp

 

 

Hensler

Warren

White Twp

 

 

     2.    There is appropriated from the General Fund to the "Preserve New Jersey Farmland Preservation Fund," established pursuant to section 8 of the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-50), the sum of $1,737,902 to implement the provisions of this act.

 

     3.    The expenditure of the sums appropriated by this act is subject to the provisions and conditions of P.L.2016, c.12 (C.13:8C-43 et seq.), P.L.1999, c.152 (C.13:8C-1 et seq.), and P.L.1983, c.32 (C.4:1C-11 et seq.), as appropriate.

 

     4.    This act shall take effect immediately.

 

 

STATEMENT

 

     This bill would appropriate $1,737,902 to the State Agriculture Development Committee (SADC) for farmland preservation purposes. 

     This funding is from constitutionally dedicated corporation business tax revenues in the "Preserve New Jersey Farmland Preservation Fund," established pursuant to section 8 of the "Preserve New Jersey Act," P.L.2016, c.12 (C.13:8C-50).

     Specifically, the bill would appropriate funds for grants to four qualifying tax exempt nonprofit organizations for (1) up to 50 percent of the cost of acquisition of development easements on farmland for farmland preservation purposes, or (2) up to 50 percent of the cost of acquisition of fee simple titles to farmland for resale or lease with agricultural deed restrictions approved by the SADC.

     The allocations and projects listed in this bill have been approved by the SADC and the Garden State Preservation Trust. 

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