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Statement to Assembly, No. 2204 - Commerce and Economic Development Committee (New Jersey, 2020)

Summary

A Statement to Assembly from the Assembly Commerce and Economic Development Committee, State of New Jersey, dated January 27, 2020, reporting favorably Assembly Bill No. 2204. The statement says the bill authorizes the executive director of the New Jersey Economic Development Authority, in consultation with the Commissioner of Community Affairs, to establish and administer a program of low-interest loans to developers and redevelopers who construct or renovate buildings that qualify as "high performance green buildings." It defines the term as a commercial, industrial, or mixed use building of at least 15,000 square feet in total floor area that achieves a listed rating, including a LEED silver rating. It also says the bill was pre-filed for introduction in the 2020-2021 session pending technical review.

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“Statement to Assembly, No. 2204 - Commerce and Economic Development Committee (New Jersey, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-01-27-ace-a2204-s1-64f9872c46/, SHA-256 338a2e0708660a5ab7b9469fe3c0c88fa3ac3a28d7eac2c6f2bb40c4f62bed72.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 2204

       STATE OF NEW JERSEY
                         DATED: JANUARY 27, 2020

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Bill No. 2204.
          This bill authorizes the executive director of the New Jersey
      Economic Development Authority (EDA) in consultation with the
      Commissioner of Community Affairs, to establish and administer a
      program to make low-interest loans to developers and redevelopers
      who construct new buildings or renovate existing buildings which,
      when completed, qualify as “high performance green buildings.” The
      bill defines “high performance green building” as a commercial,
      industrial, or mixed use building having at least 15,000 square feet in
      total floor area that is designed and constructed in a manner that
      achieves at least:
          1) a silver rating according to the Leadership in Energy and
      Environmental Design (“LEED”) Green Building Rating System as
      adopted by the United States Green Building Council;
          2) a silver rating according to the National Green Building
      Standards as adopted by the International Code Council and the
      American National Standards Institute;
          3) a two globe rating according to the Green Globes Program as
      adopted by the Green Building Initiative; or
          4) a comparable numeric rating according to a nationally
      recognized, accepted, and appropriate numeric sustainable
      development rating system, guideline, or standard as the
      Commissioner of Community Affairs, in consultation with the
      Commissioner of Environmental Protection and the Board of Public
      Utilities, may designate by regulation.
          This bill was pre-filed for introduction in the 2020-2021 session
      pending technical review. As reported, the bill includes the changes
      required by technical review, which has been performed.

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