Approp.
An Act appropriating 2[$21,720,000] $22,463,0002 from the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003,” P.L.2003, c.162, to provide loans for dam restoration and repair projects.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. a. There is appropriated to the Department of Environmental Protection from the “2003 Dam, Lake and Stream Project Revolving Loan Fund,” established pursuant to section 17 of the “Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003,” P.L.2003, c.162, the sum of 2[$21,720,000] $22,463,0002 1made available due to project cancellations, withdrawals, cost savings, interest earnings, and loan repayments,1 for the purpose of providing loans to owners of private dams, as co-applicants with local government units, or to local government units that own dams, to finance the costs of dam restoration and repair projects undertaken by, or on behalf of, the owners of dams. This sum shall include administrative costs and shall be allocated as follows:
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Dam Name |
Applicant |
Loan Amount |
||
|
Boonton Reservoir Dam |
Jersey City MUA |
$1,616,000 |
||
|
Split Rock Dam |
Jersey City MUA |
$3,792,188 |
||
|
Bass Lake Dam |
Princeton-Blairstown Center, Inc. |
$700,000 |
||
|
Lake Gerard Dam |
Lake Gerard, LLC |
$1,746,323 |
||
|
Stony Brook #14 (Honey Lake) Dam |
Honey Lake Association |
$1,250,000 |
||
|
High Crest Lake Dam |
High Crest Lake Lodge, Inc. |
$575,000 |
||
|
Heaters Pond Dam |
Borough of Ogdensburg |
$660,000 |
||
|
Lake Winona Dam |
Lake Winona Civic Association, Inc. |
$708,773 |
||
|
Preakness Hills Country Club Dam No. 1 |
Preakness Hills Country Club |
$650,000 |
||
|
Country Lakes #1 Dam |
Township of Pemberton |
$3,731,248 |
||
|
Lake Erskine Dam |
Erskine Lakes Property Owners Association |
$668,000 |
||
|
Lake Shawnee Dam |
Lake Shawnee Club, Inc. |
$2,000,000 |
||
|
Henion Pond Dam |
Vacamas Programs for Youth |
$1,165,000 |
||
|
Country Lakes #3 Dam |
Township of Pemberton |
$2,139,272 |
||
|
2Hughes Lake Dam |
City of Passaic |
$743,0002 |
||
|
Administrative |
|
$318,196 |
||
b. Any unexpended funds remaining after completion of the projects listed in subsection a. of this section shall be returned to the “2003 Dam, Lake and Stream Project Revolving Loan Fund” for re-appropriation to fund additional projects authorized by law.
c. Any transfer of any funds or project sponsor, or change in project site, listed in subsection a. of this section shall require the approval of the Joint Budget Oversight Committee or its successor.
d. 1There is appropriated to the Department of Environmental Protection such sums as may be, or may become, available on or before June 30, 2014, due to interest earnings or loan repayments to the "2003 Dam, Lake and Stream Project Revolving Loan Fund," to fund the projects listed in subsection a. of this section, and additional projects authorized by law.
e.1 The expenditures of sums appropriated by this section are subject to the provisions and conditions of P.L.2003, c.162.
2. This act shall take effect immediately.
Appropriates $22,463,000 in 2003 bond act monies for loans to fund dam restoration projects.