Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."
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Progress
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- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill clarifies the definition of ‘qualified assistance fund expense’ within the New Jersey Urban Enterprise Zones Act. Specifically, it includes the acquisition of property as a qualifying expense. This change aims to broaden the scope of funds available for use in supporting businesses and communities within urban enterprise zones.
Bill text
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Sponsors
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1 on record
Primary sponsor
Michael Testa
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