A 5546 New Jersey General Assembly · 2024-2025 Regular Session

Concerns financial powers and responsibilities of Capital City Redevelopment Corporation.*

This bill authorizes the Capital City Redevelopment Corporation (CCRC) to issue grants for projects within the Capital City District. It removes a requirement that the CCRC must recover at least 65% of funds through repayment. The CCRC can now set repayment terms per project to suit economic feasibility. This change increases the CCRC's flexibility in financing redevelopment projects without the fixed recovery percentage.

Bill status signed all 5 stages cleared

Introduction

Apr 2025

Committee Review

Jun 2025

General Assembly Passage

Jun 2025

Senate Passage

Jun 2025

Signed into Law

Jul 2025

Introduced Apr 10, 2025 Signed Jul 22, 2025

Floor votes · Senate Jun 30, 2025 · General Assembly Jun 30, 2025

How they voted

25–14

Passed · 1 other

Total votes 40

Jun 30, 2025

D Democratic25

25 Yea

100% Yea

R Republican15

14 Nay 1

93% Nay

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Jul 22, 2025

Signed into law

Approved P.L.2025, c.114.

executive

Jun 30, 2025

Upper · Passed

Passed Senate (Passed Both Houses) (25-14)

upper

Jun 30, 2025

Lower · Passed

Passed Assembly (55-25-0)

lower

Jun 19, 2025

Lower · Passed

Reported out of Assembly Committee with Amendments, 2nd Reading

lower

Jun 19, 2025

Committee

Recommitted to Assembly Appropriations Committee

lower

Jun 16, 2025

Lower · Passed

Reported out of Assembly Committee, 2nd Reading

lower

Jun 16, 2025

Committee

Transferred to Assembly State and Local Government Committee

lower

Apr 10, 2025

Introduced

Introduced in the Assembly, Referred to Assembly Community Development and Women's Affairs Committee

lower

3 primary · 0 co-sponsors