Requires annual General Fund appropriation to DMVA for purposes of base realignment and closure.
If enacted, A721 will facilitate the establishment and financial support for a structure to preserve military installations, ensuring they can withstand potential federal decisions regarding realignment or closure. This could prevent job losses and economic downturns in communities reliant on military bases while also maintaining military capability. The bill upholds a legislative commitment to Maryland's military presence amidst uncertainties in federal policy.
Assembly Bill A721 aims to secure an annual appropriation from New Jersey's General Fund, specifically for the Department of Military and Veterans' Affairs (DMVA). The bill mandates that an amount not to exceed $200,000 be allocated to aid in the preservation of military installations in the event the federal government takes action regarding base realignment and closure. This funding is vital to maintain military readiness and support the local economy that relies on these installations for jobs and services.
One of the notable aspects of A721 is the requirement for a competitive contracting process for any associated lobbyists or governmental affairs agents, which occurs every two years. This requirement intends to promote accountability and transparency regarding expenditures made with the public funds appropriated under this bill. Moreover, it necessitates an annual report from the DMVA detailing all expenditures related to the fund that will be available as a public record, thereby ensuring oversight regarding how funds are utilized.