Bill Text: NJ S2418 | 2020-2021 | Regular Session | Introduced
Bill Title: Makes FY 2020 supplemental appropriation of $75 million to EDA for Small Business Emergency Assistance Grant Program.
Spectrum: Partisan Bill (Democrat 1-0)
Status: (Introduced - Dead) 2020-05-07 - Introduced in the Senate, Referred to Senate Economic Growth Committee [S2418 Detail]
Download: New_Jersey-2020-S2418-Introduced.html
Sponsored by:
Senator BRIAN P. STACK
District 33 (Hudson)
SYNOPSIS
Makes FY 2020 supplemental appropriation of $75 million to EDA for Small Business Emergency Assistance Grant Program.
CURRENT VERSION OF TEXT
As introduced.
A Supplement to "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2020 and regulating the disbursement thereof," approved June 30, 2019 (P.L.2019, c.150).
Be It Enacted by the Senate and the General Assembly of the State of New Jersey:
1. In addition to the amounts appropriated under P.L.2019, c.150, the annual State appropriations act for Fiscal Year 2020, there is appropriated out of the General Fund the following sum for the purpose specified:
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82. DEPARTMENT OF THE TREASURY 50. Economic Planning, Development, and Security 51. Economic Planning and Development 2043. ECONOMIC DEVELOPMENT AUTHORITY (EDA) 38. ECONOMIC DEVELOPMENT
GRANTS-IN-AID |
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38-2043 |
Economic Development ............ |
$75,000,000 |
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Total Grants-in-Aid Appropriation, Economic Planning and Development. |
$75,000,000 |
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Grants-in-Aid: |
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38 |
New Jersey Economic Development Authority - Small Business Emergency Assistance Grant Program...... |
($75,000,000) |
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2. This act shall take effect immediately.
STATEMENT
This bill supplements the FY 2020 appropriations act by appropriating $75 million to the New Jersey Economic Development Authority (authority) for the Small Business Emergency Assistance Grant Program as established by the authority.
