New Jersey Assembly Bill A3747

New Jersey 2022-2023 Regular Session

• Introduced: 5/2/22
• Refer: 5/2/22
• Refer: 5/11/23
• Report Pass: 5/18/23
• Engrossed: 5/25/23
• Refer: 6/1/23

Caption

Appropriates $2 million in constitutionally dedicated CBT revenues to fund grant program for historic preservation of monuments commemorating veterans.

Impact

The implementation of this bill has the potential to enhance state laws by providing formal recognition and financial assistance for the preservation of veterans' monuments. This could encourage municipalities to engage actively in maintaining and honoring local historical sites related to military service. It reflects a commitment at the state level to support cultural heritage and drives legislative support for initiatives that recognize the contributions of veterans in society.

Summary

Assembly Bill A3747 aims to appropriate $2 million in constitutionally dedicated corporation business tax revenues to establish a grant program for the historic preservation of monuments that commemorate veterans. The bill requires the Commissioner of Community Affairs, alongside the Adjutant General of the Department of Military and Veterans' Affairs, to develop a criteria for funding applications submitted by municipalities. Municipalities seeking funds would need to provide necessary information about the proposed monuments, a description of any services needed for their preservation, and the grant amount requested. The bill emphasizes equitable distribution of grants across different regions of the state.

Contention

While the bill has significant support due to its focus on honoring veterans, there may be points of contention regarding the allocation of funds or the specific criteria set forth for grant applications. Some stakeholders may argue that the process for distributing grants could be complex or favor larger municipalities over smaller ones. Additionally, concerns may arise regarding the judicious use of corporation business tax revenues and whether the funding aligns properly with other pressing community needs.