S 2916
Revises certain eligibility requirements under NJ Aspire Program; establishes net neutral benefits test for redevelopment projects that incur certain sustainability and resiliency costs.
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Sign in to take action- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Bill overview
This bill revises eligibility requirements for the NJ Aspire Program and establishes a ‘net neutral benefits test’ for redevelopment projects. Specifically, it requires redevelopment projects incurring costs for sustainability and resiliency (like renewable energy, stormwater management, or brownfield remediation) to demonstrate that these investments outweigh any potential negative impacts. The goal is to encourage environmentally responsible redevelopment in designated areas.
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