STATE OF NEW JERSEY
222nd LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Senator GORDON M. JOHNSON
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 the $45,000,000 hereinabove appropriated, regardless of whether the Palisades Interstate Park Commission receives any reimbursement, grant award, or other financial assistance from the federal government for the cost of any project funded from the monies hereinabove appropriated. The schedule, terms, and conditions of repayment shall be established jointly by the Department of the Treasury and the Palisades Interstate Park Commission and set forth in the memorandum of understanding required by this act. 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 Fiscal Year 2026 Appropriations Act and appropriates $45 million to the Palisades Interstate Park Commission (commission) to support the development and construction of disaster recovery projects. Under the bill, the commission is required to enter into a memorandum of understanding with the Department of the Treasury which would require the commission to repay the department $45 million, regardless of whether the commission receives any reimbursement, grant award, or other financial assistance from the federal government.