Pandemic Darlings The pandemic economy, in original documents
Home Source documents Committee Statement to Assembly, No. 4516 - Assembly Commerce and Economic Development (December 14, 2020)

Committee Statement to Assembly, No. 4516 - Assembly Commerce and Economic Development (December 14, 2020)

Summary

A statement of the Assembly Commerce and Economic Development Committee to the Assembly on Assembly Bill No. 4516 of the State of New Jersey, dated December 14, 2020. The committee reports the bill favorably. The bill establishes the position of Minority Depository Institution Coordinator within the New Jersey Economic Development Authority (EDA). It requires the EDA to collaborate with the Chief Diversity Officer in the Division of Purchase and Property to create an application process and select an individual for the position. The coordinator is to identify and reduce administrative barriers to participation by minority depository institutions in EDA loan and bonding programs, and the EDA is to submit a report to the Legislature 120 days after enactment.

Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used

Cite this document

“Committee Statement to Assembly, No. 4516 - Assembly Commerce and Economic Development (December 14, 2020).” Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2020-12-14-ace-a4516-s1-fe74a82492/, SHA-256 afefcc86e058580e7c8c07f9657c077a81e578665cca3796f00c81c45590ee87.

Full text

ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT
                COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 4516

       STATE OF NEW JERSEY
                         DATED: DECEMBER 14, 2020

          The Assembly Commerce and Economic Development Committee
      reports favorably Assembly Bill No. 4516.
          This bill establishes the position of Minority Depository Institution
      Coordinator within the New Jersey Economic Development Authority
      (EDA). The bill requires the EDA to collaborate with the Chief
      Diversity Officer in the Division of Purchase and Property in the State
      Department of the Treasury, to create an application process for the
      position of Minority Depository Institution Coordinator and then select
      an individual for the position. The bill requires the coordinator to
      collaborate with the Chief Diversity Officer and the EDA board to
      identify and reduce any administrative barriers that limit participation
      by minority depository institutions in EDA loan and bonding
      programs.
          The bill requires the EDA to submit a report to the Legislature 120
      days after enactment outlining the steps taken by the Minority
      Depository Institution Coordinator to identify and reduce
      administrative barriers to minority depository institution participation
      in EDA loan and bonding programs.

File and source

File
2020-12-14_ACE_A4516_S1.pdf
Size
7,281 bytes
SHA-256
afefcc86e058580e7c8c07f9657c077a81e578665cca3796f00c81c45590ee87
Our copy
2020-12-14_ACE_A4516_S1.pdf
Original
No public link identified.
Back to top