Authorizes municipalities to establish dredging control reserve fund.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill allows New Jersey municipalities to create a dedicated reserve fund for dredging projects. Funds currently set aside for dredging can be transferred into this reserve. The municipality can then use these funds for various dredging-related activities, such as removing materials from waterways, maintaining navigation channels, and supporting maritime, recreational, or tourism industries. Any reimbursements from these activities would be deposited back into the reserve.
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