SENATE BUDGET AND APPROPRIATIONS COMMITTEE

STATEMENT TO

SENATE, No. 4812

STATE OF NEW JERSEY

DATED:  JANUARY 8, 2026

      The Senate Budget and Appropriations Committee reports favorably Senate Bill No. 4812.

      As reported, this bill requires the Department of Community Affairs, to the extent that there remains sufficient, uncommitted appropriations, to resume the Reconstruction, Rehabilitation, Elevation and Mitigation program and accept grant applications to provide funding that was intended to fund the unmet needs of Superstorm Sandy-impacted homeowners who are still in need of recovery and rebuilding financial assistance.

FISCAL IMPACT:

      The Office of Legislative Services (OLS) determines that the bill may result in a State expenditure increase to the extent the Department of Community Affairs provides additional grant funding as a result of the bill.