SENATE BUDGET AND APPROPRIATIONS COMMITTEE

STATEMENT TO

SENATE, No. 2909

STATE OF NEW JERSEY

DATED:  JUNE 27, 2022

      The Senate Budget and Appropriations Committee reports favorably Senate Bill No. 2909.

      As reported, this bill authorizes the Department of Transportation (department) to compensate contractors and subcontractors on construction contracts awarded by the department for increases in the cost of acquisition of materials since March of 2020.  The bill appropriates $10 million for this purpose.

FISCAL IMPACT:

     This bill is not certified as requiring a fiscal note.