Committee Statement - Assembly No. 6039, Disaster Recovery Projects (Palisades Interstate Park Commission)

Summary

A committee statement to the New Jersey Assembly, No. 6039, from the Assembly Commerce, Economic Development and Agriculture Committee, dated January 5, 2026, reporting Assembly Bill No. 6039 favorably and with committee amendments. As amended, the bill supplements the Fiscal Year 2026 Appropriations Act and appropriates $45 million to the Palisades Interstate Park Commission to support disaster recovery projects. The commission is to repay the $45 million to the Department of the Treasury, regardless of any federal reimbursement, grant award, or other assistance, on a schedule set jointly with the department in a memorandum of understanding. The statement says the bill is identical to Senate Bill No. 4733 (1R).

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ASSEMBLY COMMERCE, ECONOMIC DEVELOPMENT AND
           AGRICULTURE COMMITTEE

                          STATEMENT TO

                     ASSEMBLY, No. 6039
                         with committee amendments



       STATE OF NEW JERSEY
                          DATED: JANUARY 5, 2026

           The Assembly Commerce, Economic Development and
      Agriculture Committee reports favorably and with committee
      amendments Assembly Bill No. 6039.
           As amended and reported, this bill supplements the Fiscal Year
      2026 Appropriations Act and appropriates $45 million to the Palisades
      Interstate Park Commission (commission) to support the development
      and construction of disaster recovery projects. The bill requires the
      commission to use the appropriated funds in accordance with the
      current statutory requirements for the expenditure of monies in the
      Transportation Trust Fund Account and the conditions and
      requirements established in accordance with a memorandum of
      understanding between the Commissioner of Environmental
      Protection, the Executor Director of the commission, and the heads of
      any other agencies that the Commissioner of Environmental Protection
      deems necessary.
           In addition, under the bill, the commission is to repay the $45
      million to the Department of the Treasury (department), regardless of
      whether the commission receives any reimbursement, grant award, or
      other financial assistance from the federal government. Finally, the
      bill provides that the schedule, terms, and conditions of repayment are
      to be established jointly by the department and commission and set
      forth in the memorandum of understanding required by the bill.
           As amended and reported by the committee, Assembly Bill No.
      6039 is identical to Senate Bill No. 4733 (1R), as that bill was also
      amended and reported by the committee on this date.

      COMMITTEE AMENDMENTS:
          The committee amended the bill to:
          (1) clarify that the Palisades Interstate Park Commission
      (commission) is to use the $45 million appropriated by the bill in
      accordance with the current statutory requirements for the expenditure
      of monies in the Transportation Trust Fund Account;
          (2) clarify that the commission is required to repay the $45 million
      to the Department of the Treasury (department), regardless of any
                                  2

reimbursement, grant award, or other financial assistance received
from the federal government; and
    (3) require the schedule, terms, and conditions of repayment to be
established jointly by the department and the commission and set forth
in the memorandum of understanding required by the bill.


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