New Jersey 2022-2023 Regular Session

New Jersey Senate Bill S2701

Introduced
5/19/22  

Caption

Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.

Impact

The implementation of S2701 is projected to have a significant impact on state laws concerning public safety and local governance. By establishing a new funding model for law enforcement agencies, the bill introduces a framework for state oversight of local budgeting processes related to public safety. This change is expected to standardize resource allocation across various municipalities, ensuring that all citizens benefit from improved safety measures. Critics, however, are concerned that the mandate for financial support may redirect funds from other essential community services, thereby creating competition for limited state resources.

Summary

Bill S2701 seeks to allocate additional funding for public safety initiatives across the state, reinforcing the government's commitment to enhancing law enforcement capabilities and community safety measures. The legislation outlines a structured approach to improve the operational efficiency of local police departments, with specific emphasis on community engagement and crime prevention strategies. By increasing financial resources, the bill aims to empower law enforcement agencies to adopt innovative technologies and training programs that could significantly enhance their effectiveness in crime response and prevention.

Contention

Notable points of contention surrounding Bill S2701 include debates over the overarching authority of state governance in local public safety matters, with some opposing factions arguing that the bill undermines local decision-making. Additionally, there are apprehensions regarding the potential militarization of local police forces as a result of increased funding, which could lead to further tensions between law enforcement and communities. Advocates for the bill assert that the enhanced funding is vital for maintaining public safety and that it provides a necessary boost for comprehensive community policing efforts.

Companion Bills

NJ A4232

Same As Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.

Previously Filed As

NJ S1595

Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.

NJ A4232

Prohibits investment by State of pension and annuity funds in, and requires divestment from, companies involved in production or maintenance of nuclear weapons.

NJ S198

Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.

NJ S416

Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.

NJ A1733

Prohibits investment by State of pension and annuity funds in, and requires divestment from, 200 largest publicly traded fossil fuel companies.

NJ S3559

Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.

NJ S1365

Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.

NJ A1150

Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.

NJ A1335

Prohibits investment by State of pension and annuity funds in Chinese pharmaceutical companies.

NJ S955

Prohibits investment by State of pension and annuity funds in hedge funds and derivative contracts.

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