[Second Reprint]

SENATE, No. 4733

STATE OF NEW JERSEY

221st LEGISLATURE

INTRODUCED OCTOBER 27, 2025

Sponsored by:

Senator  GORDON M. JOHNSON

District 37 (Bergen)

Assemblywoman  SHAMA A. HAIDER

District 37 (Bergen)

Assemblywoman  ELLEN J. PARK

District 37 (Bergen)

SYNOPSIS

     Makes supplemental appropriation of $45,000,000 from Transportation Trust Fund Account – Subaccount for Capital Reserves to Palisades Interstate Park Commission for certain construction projects.

CURRENT VERSION OF TEXT

     As reported by the Assembly Commerce, Economic Development and Agriculture Committee on January 5, 2026, with amendments.

A Supplement to the annual appropriations act for the fiscal year ending June 30, 2026, P.L.2025, c.74

Be It Enacted by the Senate and the General Assembly of the State of New Jersey:

     1.    In addition to the amounts appropriated under P.L.2025, c.74, the annual appropriations act for the fiscal year ending June 30, 2026, there is appropriated from the General Fund the following amount for the purpose specified:

42 DEPARTMENT OF

ENVIRONMENTAL PROTECTION

40 Community Development and Environmental Management

42 Natural Resource Management

CAPITAL CONSTRUCTION

Notwithstanding the provisions of any law or regulation to the contrary, $45,000,000 of the amounts on deposit in the Transportation Trust Fund Account – Subaccount for Capital Reserves, shall be appropriated to the Palisades Interstate Park Commission to support the development and construction of disaster recovery projects, subject to the approval of the Director of the Division of Budget and Accounting.  The Palisades Interstate Park Commission shall use the monies hereinabove appropriated in accordance with ²the requirements established pursuant to P.L.1984, c.73 (C.27:1B-1 et al.) for the expenditure of monies in the Transportation Trust Fund Account and² such conditions and requirements established in accordance with a memorandum of understanding between the Commissioner of Environmental Protection, the Executive Director of the Palisades Interstate Park Commission, and the heads of any other agencies that the Commissioner of Environmental Protection deems necessary.  The memorandum of understanding shall require, at minimum, that the Palisades Interstate Park Commission repay to the Department of the Treasury ¹[any amount reimbursed to the Palisades Interstate Park Commission by] the $45,000,000 hereinabove appropriated, regardless of whether the Palisades Interstate Park Commission receives any reimbursement, grant award, or other financial assistance from¹ the federal government for the cost of any project funded from the monies hereinabove appropriated.  ¹The schedule, terms, and conditions of repayment shall be established jointly by the Department of the Treasury and the Palisades Interstate Park Commission and set forth in the memorandum of understanding required by this act.¹  Any repayments received by the Department of the Treasury shall be deposited into the Transportation Trust Fund Account – Subaccount for Capital Reserves.

     2.  This act shall take effect immediately.