Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5446 (March 8, 2021)

Summary

An Assembly Commerce and Economic Development Committee statement to Assembly, No. 5446, State of New Jersey, dated March 8, 2021, reporting the bill favorably with committee amendments. The amended bill makes $15 million in federal funds available to the Economic Development Authority (EDA) to award grants to businesses and nonprofits in need. The committee changed the bill from a supplemental appropriation to a measure that makes funding available for the designated purpose.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 5446

with
committee amendments

STATE
OF NEW JERSEY

DATED: MARCH
8, 2021

The Assembly Commerce and Economic Development
Committee reports favorably and with committee amendments Assembly Bill No.
5446.

This bill, as amended, makes $15 million in federal
funds available to the Economic Development Authority (EDA) to award grants to
businesses and nonprofits in need.

COMMITTEE AMENDMENTS :

The committee amended the bill so that it is not a
supplemental appropriation, but rather makes funding available for the bill’s
designated purpose.

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