Assembly Commerce and Economic Development Committee Statement to Assembly, No. 5447, 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. 5447. The bill, as amended, makes $15 million in federal funds available to the Economic Development Authority (EDA) to award grants to arts and culture organizations in need of support as a result of the public health crisis, including $7.5 million to the New Jersey Council on the Arts for grants to nonprofit arts and culture entities, and the amendments make it a funding provision rather than a supplemental appropriation.

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ASSEMBLY COMMERCE AND ECONOMIC DEVELOPMENT COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 5447

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.
5447.

This bill, as amended, makes $15 million in federal
funds available to the Economic Development Authority (EDA) to award grants to
arts and culture organizations who are in need of support as a result of the
public health crisis, including $7.5 million to the New Jersey Council on the
Arts for the purposes of issuing grants to nonprofit arts and culture entities.

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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