S 942 New Jersey Senate · 2026-2027 Regular Session

Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."

This bill clarifies that property acquisition costs (such as buying land) can now be paid using funds from New Jersey's Urban Enterprise Zone (UEZ) assistance program. It amends the definition of "qualified assistance fund expense" to explicitly include purchasing, leasing, or acquiring land or property for eligible projects. The change affects businesses and municipalities in designated UEZs that use the assistance fund for development, making the fund's rules clearer without altering who qualifies or creating new programs.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2026
Committee Review
Floor Vote
Governor
Introduced Jan 13, 2026 Last action Jan 13, 2026
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Jan 13, 2026
Introduced
Introduced in the Senate, Referred to Senate Economic Growth Committee
upper
0 primary · 0 co-sponsors

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