Authorizes EDA to provide grants from "Global Warming Solutions Fund" to finance replacement of certain agricultural equipment.
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill authorizes the New Jersey Economic Development Authority (EDA) to use funds from the ‘Global Warming Solutions Fund’ to provide grants for replacing outdated and polluting agricultural equipment with more efficient alternatives. The fund, typically supported by greenhouse gas emissions allowances, will now support farmers in upgrading their operations. The bill also clarifies the application process for these grants, requiring proof of decommissioned old equipment.
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