Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed General Assembly
- To Governor
- Became Law
Overview
This bill allows certain New Jersey municipalities with arts and culture trust funds to temporarily use funds from their Open Space, Recreation, Floodplain Protection, Farmland, and Historic Preservation Trust Fund. Specifically, it permits the transfer of unspent funds deposited into the trust fund before fiscal year 2027 to the municipality’s general operating budget. This transfer is limited to fiscal year 2027 and is contingent on the municipality having an established arts and culture trust fund. The bill was approved by the Senate Budget and Appropriations Committee.
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