 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
 |
|||
|
|||
The Greater Atlantic City Chamber would like to thank the following sponsors:
S2485 (Lesniak D/20, Bateman D/16) Modifying COAH
According to the office of Assemblyman John Rooney, the Assembly bill sponsor from the 39th District, no action is scheduled on the bill calendar as far as formal committee meetings. A meeting on the bill has not been requested by the Committee Chair Gerald B. Green (D/22). If enacted, this legislation would impose a moratorium on the collection of the 2.5 percent non-residential development fee imposed by the "Statewide Non-Residential Development Fee Act," for 18 months following the effective date. The revenue stream, halted by the moratorium, would be replaced by a $15 million appropriation from the Long-term Obligation and Capital Expenditure Fund. Simultaneously, the bill charges the newly created State Housing Commission with reviewing the non-residential development fee program to determine whether the program has been effective and offering a recommendation about modifications or repeal of the fee collection program.
 |
 |