Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5446, Dated March 8, 2021
Summary
A statement of the New Jersey Assembly Commerce and Economic Development Committee, dated March 8, 2021, reporting favorably, with amendments, on Assembly Bill No. 5446. The 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, and the amendments make it a funding provision rather than a supplemental appropriation.
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Full text
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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