A 3951
Authorizes EDA to use moneys in "Global Warming Solutions Fund" to support projects to refurbish or upgrade existing electricity generation facilities.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill allows the New Jersey Economic Development Authority (EDA) to use funds from the ‘Global Warming Solutions Fund’ to support projects that refurbish or upgrade existing electricity generation facilities. Specifically, the EDA can provide financial assistance to businesses, institutions, and industries to modernize these facilities, potentially extending their lifespan. The bill also outlines how the funds can be allocated to various state agencies to promote energy efficiency, reduce electricity demand, and support local government efforts to reduce greenhouse gas emissions.
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