Bill Text: NJ S1649 | 2014-2015 | Regular Session | Chaptered


Bill Title: Appropriates $22,463,000 in 2003 bond act monies for loans to fund dam restoration projects.*

Spectrum: Slight Partisan Bill (Republican 15-7)

Status: (Passed) 2014-11-13 - Approved P.L.2014, c.65. [S1649 Detail]

Download: New_Jersey-2014-S1649-Chaptered.html

Approp.

 


P.L.2014, CHAPTER 65, approved November 13, 2014

Senate, No. 1649 (Second Reprint)

 

 


An Act appropriating 2[$21,720,000] $22,463,0002 from the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," P.L.2003, c.162, to provide loans for dam restoration and repair projects.

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    a.  There is appropriated to the Department of Environmental Protection from the "2003 Dam, Lake and Stream Project Revolving Loan Fund," established pursuant to section 17 of the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," P.L.2003, c.162, the sum of 2[$21,720,000] $22,463,0002 1made available due to project cancellations, withdrawals, cost savings, interest earnings, and loan repayments,1 for the purpose of providing loans to owners of private dams, as co-applicants with local government units, or to local government units that own dams, to finance the costs of dam restoration and repair projects undertaken by, or on behalf of, the owners of dams.  This sum shall include administrative costs and shall be allocated as follows:

 

Dam Name

Applicant

Loan            Amount

Boonton Reservoir Dam

Jersey City MUA

$1,616,000

Split Rock Dam

Jersey City MUA

$3,792,188

Bass Lake Dam

Princeton-Blairstown Center, Inc.

$700,000

Lake Gerard Dam

Lake Gerard, LLC

$1,746,323

Stony Brook #14

     (Honey Lake) Dam

Honey Lake Association

$1,250,000

High Crest Lake Dam

High Crest Lake Lodge, Inc.

$575,000

Heaters Pond Dam

Borough of Ogdensburg

$660,000

Lake Winona Dam

Lake Winona Civic

     Association, Inc.

$708,773

Preakness Hills Country

     Club Dam No. 1

Preakness Hills Country Club

$650,000

Country Lakes #1 Dam

Township of Pemberton

$3,731,248

Lake Erskine Dam

Erskine Lakes Property

     Owners Association

$668,000

Lake Shawnee Dam

Lake Shawnee Club, Inc.

$2,000,000

Henion Pond Dam

Vacamas Programs for Youth

$1,165,000

Country Lakes #3 Dam

Township of Pemberton

$2,139,272

2Hughes Lake Dam

City of Passaic

$743,0002

Administrative

 

$318,196

     b.  Any unexpended funds remaining after completion of the projects listed in subsection a. of this section shall be returned to the "2003 Dam, Lake and Stream Project Revolving Loan Fund" for re-appropriation to fund additional projects authorized by law.

     c.  Any transfer of any funds or project sponsor, or change in project site, listed in subsection a. of this section shall require the approval of the Joint Budget Oversight Committee or its successor.

     d.    1There is appropriated to the Department of Environmental Protection such sums as may be, or may become, available on or before June 30, 2014, due to interest earnings or loan repayments to the "2003 Dam, Lake and Stream Project Revolving Loan Fund," to fund the projects listed in subsection a. of this section, and additional projects authorized by law.

     e.1   The expenditures of sums appropriated by this section are subject to the provisions and conditions of P.L.2003, c.162.

 

     2.    This act shall take effect immediately.

 

 

                                

 

     Appropriates $22,463,000 in 2003 bond act monies for loans to fund dam restoration projects.

feedback