ASSEMBLY, No. 2061

STATE OF NEW JERSEY

222nd LEGISLATURE

 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

 


 

Sponsored by:

Assemblywoman SHAMA A. HAIDER

District 37 (Bergen)

 

 

 

 

SYNOPSIS

     Makes supplemental appropriation of $45,000,000 from Transportation Trust Fund Account - Subaccount for Capital Reserves to Palisades Interstate Park Commission for certain construction projects.

 

CURRENT VERSION OF TEXT

     Introduced Pending Technical Review by Legislative Counsel.

  


A Supplement to the annual appropriations act for the fiscal year ending June 30, 2026, P.L.2025, c.74.

 

     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.2025, c.74, the annual appropriations act for the fiscal year ending June 30, 2026, there is appropriated from the General Fund the following amount for the purpose specified:

 

42 DEPARTMENT OF

ENVIRONMENTAL PROTECTION

40 Community Development and Environmental Management

42 Natural Resource Management

 

CAPITAL CONSTRUCTION

 

Notwithstanding the provisions of any law or regulation to the contrary, $45,000,000 of the amounts on deposit in the Transportation Trust Fund Account – Subaccount for Capital Reserves, shall be appropriated to the Palisades Interstate Park Commission to support the development and construction of disaster recovery projects, subject to the approval of the Director of the Division of Budget and Accounting.  The Palisades Interstate Park Commission shall use the monies hereinabove appropriated in accordance with such conditions and requirements established in accordance with a memorandum of understanding between the Commissioner of Environmental Protection, the Executive Director of the Palisades Interstate Park Commission, and the heads of any other agencies that the Commissioner of Environmental Protection deems necessary.  The memorandum of understanding shall require, at minimum, that the Palisades Interstate Park Commission repay to the Department of the Treasury any amount reimbursed to the Palisades Interstate Park Commission by the federal government for the cost of any project funded from the monies hereinabove appropriated.  Any repayments received by the Department of the Treasury shall be deposited into the Transportation Trust Fund Account – Subaccount for Capital Reserves.

 

     2.  This act shall take effect immediately.

 

 

STATEMENT

 

     This bill supplements the FY2026 Appropriations Act and appropriates $45,000,000 to the Palisades Interstate Park Commission to support the development and construction of disaster recovery projects.  Under the bill, the Palisades Interstate Park Commission is required to repay to the Department of the Treasury any amount reimbursed by the federal government.