Bill Text: NJ A2126 | 2010-2011 | Regular Session | Introduced
Bill Title: Appropriates $17.45 million in 1992 and 2003 bond act monies for loans to fund dam restoration projects and $1.371 million in 1992 bond act monies to fund State dam restoration projects.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2010-02-11 - Introduced, Referred to Assembly Environment and Solid Waste Committee [A2126 Detail]
Download: New_Jersey-2010-A2126-Introduced.html
Sponsored by:
Assemblyman UPENDRA J. CHIVUKULA
District 17 (Middlesex and Somerset)
SYNOPSIS
Appropriates $17.45 million in 1992 and 2003 bond act monies for loans to fund dam restoration projects and $1.371 million in 1992 bond act monies to fund State dam restoration projects.
CURRENT VERSION OF TEXT
As introduced.
An Act appropriating $16,950,000 from the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," P.L.2003, c.162, and $500,000 from the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, to provide loans for dam restoration and repair projects, and appropriating $1,371,075 from monies previously appropriated from P.L.1992, c.88 and made available due to project cancellations, withdrawals, or cost savings, to finance the costs of certain State high-hazard dam restoration projects.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. There is appropriated to the Department of Environmental Protection from the "2003 Dam, Lake and Stream Project Revolving Loan Fund," established pursuant to section 17 of the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," P.L.2003, c.162, the sum of $16,950,000, made available due to project cancellations, withdrawals, and cost savings, for the purpose of providing loans to owners of private dams, as co-applicants with local government units, or to local government units that own dams, to finance the costs of dam restoration and repair projects undertaken by, or on behalf of, the owners of dams. This sum shall include administrative costs and shall be allocated as follows:
|
Dam Name |
Applicant |
Loan Amount |
|
Swannanoa Lake South Dam |
Swannanoa Sentinel Society |
$1,200,000 |
|
Lake Tranquility Dam |
Green Township |
$607,000 |
|
Lake Lenape Dam |
Lake Lenape Association |
$2,300,000 |
|
Forest Lake Dam |
Forest Lakes Club |
$1,500,000 |
|
Heaters Pond Dam |
Borough of Ogdensburg |
$750,000 |
|
Reservoir Lake Dam |
Boy Scouts of America |
$1,125,000 |
|
Frenche's Dam |
Boy Scouts of America |
$1,175,000 |
|
Mishe Mokwa Dam |
Medford Lakes Borough |
$280,000 |
|
Glen Lake Dam |
Glen Lake Beach Club, Inc. |
$725,000 |
|
Lake Rickabear Dam |
Girl Scouts of America |
$319,000 |
|
Saffin Pond Dam |
Morris County Park Commission |
$1,700,000 |
|
Lake Grinnel Dam |
Lake Grinnel Association |
$200,000 |
|
Upper Lake Mohawk Dam |
Lake Mohawk County Club |
$1,321,800 |
|
Lake Panorama Dam |
Lake Panorama Community Assoc. |
$250,000 |
|
Lake Neepaulin Dam |
Friends of Lake Neepaulin, Inc. |
$1,000,000 |
|
NJ No Name Dam #113 |
Holiday City Association |
$335,000 |
|
Marlton Lakes Upper Dam |
Marlton Lakes Civic Association |
$1,200,000 |
|
Amwell Dam No. 1 |
Lower Lake Steering Group |
$700,000 |
|
Administrative |
|
$262,200
|
b. Any unexpended funds remaining after completion of the projects listed in subsection a. of this section shall be returned to the "2003 Dam, Lake and Stream Project Revolving Loan Fund" for re-appropriation to fund additional projects authorized by law.
c. Any transfer of any funds or project sponsor, or change in project site, listed in subsection a. of this section shall require the approval of the Joint Budget Oversight Committee or its successor.
d. There are appropriated to the Department of Environmental Protection such sums as may be, or may become, available on or before June 30, 2010, due to interest earnings or loan repayments to the "2003 Dam, Lake and Stream Project Revolving Loan Fund," to fund additional projects authorized by law.
e. The expenditures of sums appropriated by this section are subject to the provisions and conditions of P.L.2003, c.162.
2. a. There is appropriated to the Department of Environmental Protection from the "1992 Dam Restoration and Clean Water Trust Fund," established pursuant to section 26 of the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, the sum of $500,000 for the purpose of providing additional funds to support the dam restoration projects authorized pursuant to P.L.2009, c.49.
b. There is appropriated to the Department of Environmental Protection such sums as may be, or may become, available on or before June 30, 2010, due to interest earnings or loan repayments to the "1992 Dam Restoration and Clean Water Trust Fund," to fund additional projects authorized by law.
3. a. There is appropriated to the Department of Environmental Protection from the "1992 Dam Restoration and Clean Water Trust Fund," established pursuant to section 26 of the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, the sum of $1,371,075 from monies previously appropriated from the fund pursuant to P.L.1993, c.273 and made available due to project cancellations, withdrawals, or cost savings attributable to the following State high-hazard dam restoration projects:
Project County Amount
Atsion Lake Dam Burlington $654,483
Cranbury Lake Dam Sussex $ 23,329
Cumberland Pond Dam Cumberland $100,000
Pohatcong Lake Dam Ocean $520,543
Skillman Lake Dam Somerset $ 72,720
b. The monies appropriated pursuant to subsection a. of this section shall be allocated to finance the costs of the following State high-hazard dam restoration projects:
Project County Amount
Hunt and Honey Lake Dams Mercer $1,000,000
Musconetcong Lake Dam Morris $ 371,075
c. Any unexpended funds remaining after completion of the projects listed in subsection b. of this section shall be returned to the "1992 Dam Restoration and Clean Water Trust Fund" for re-appropriation to fund additional projects authorized by law.
d.. Any transfer of any funds or project sponsor, or change in project site, listed in subsection b. of this section shall require the approval of the Joint Budget Oversight Committee or its successor.
4. This act shall take effect immediately.
STATEMENT
The bill appropriates $17.45 million in 1992 and 2003 bond act monies for loans to fund dam restoration projects and transfers $1.371 million in 1992 bond act monies to fund State dam restoration projects.
The appropriations totaling $17.45 million in bond act monies are:
• $16,950,000 from the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," P.L.2003, c.162, plus monies that may be, or may become, available on or before June 30, 2010 due to project cancellations, withdrawals, and cost savings, for the purpose of providing loans to owners of private dams, as co-applicants with local government units, or to local government units that own dams, to finance the costs of dam restoration and repair projects undertaken by, or on behalf of, the owners of dams. This sum, which includes administrative costs, represents unexpended balances made available due to project cancellations, withdrawals, or cost savings for projects previously approved by law for funding; and
• $500,000 from the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992," P.L.1992, c.88, to supplement the costs of two dam restoration projects authorized under P.L.2009, c.49 (i.e., Lake Solitude Dam in High Bridge and Point View Reservoir Dam in Wayne Township). In addition, the bill appropriates monies that may be, or may become, available on or before June 30, 2010, due to interest earnings or loan repayments to the 1992 fund, to support dam restoration projects previously authorized by law.
The appropriation of $1.371 million in 1992 bond act monies is:
• Transferred from project cancellations, withdrawals, or cost savings attributable to certain State high-hazard dam restoration projects and are reallocated to two State-owned high-hazard dam restoration projects, the Hunt and Honey Lake Dams in Mercer County and the Musconetcong Lake Dam in Morris County.
