Requires EDA to coordinate study of financing mechanisms and recommendations for supplemental funding of certain public transit projects.
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Progress
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- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the New Jersey Economic Development Authority (EDA) to conduct a study focused on identifying and evaluating potential financing options for public transit projects. The study will specifically look at ways to secure supplemental funding beyond existing sources. The EDA is tasked with compiling recommendations for how these projects can be better financed. This aims to bolster the state’s public transportation infrastructure.
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