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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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