STATE OF NEW JERSEY
220th LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2022 SESSION
Sponsored by:
Assemblywoman ELIANA PINTOR MARIN
District 29 (Essex)
SYNOPSIS
Makes FY 2020 supplemental appropriation of $25 million for Economic Development Authority for augmenting State’s investment in technology start-up ventures.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
A Supplement to "An Act making appropriations for the support of the State Government and the several public purposes for the fiscal year ending June 30, 2020 and regulating the disbursement thereof," approved June 30, 2019 (P.L.2019, c.150).
Be It Enacted by the Senate and the General Assembly of the State of New Jersey:
1. In addition to the amounts appropriated under P.L.2019, c.150, the annual State appropriations act for Fiscal Year 2020, there is appropriated out of the General Fund the following sum for the purpose specified:
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82 DEPARTMENT OF TREASURY 50 Economic Planning, Development, and Security 51 Economic Planning and Development
GRANTS-IN-AID |
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38-2043 |
Economic Development …………………………. |
$25,000,000 |
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Total Grants-in-Aid Appropriation, Economic Planning and Development ……... |
$25,000,000 |
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Grants-in-Aid: |
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38 |
Newark Venture Partners- Public Private Partnership for Technology ……….................... |
($25,000,000) |
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2. This act shall take effect immediately.
STATEMENT
This bill supplements the FY 2020 appropriations act by appropriating $25 million to the Economic Development Authority to augment the State’s investment in technology start-up ventures.