Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.

Also relevant to:Senior (65+, Medicare/SS)

Where it is in the process

Plain-English Summary

This bill adds $2.35 billion to the New Jersey Debt Defeasance and Prevention Fund. It then appropriates $4.32 billion from that fund to help municipalities and counties pay off their debts or fund projects without taking on new debt. The money will be distributed equally per resident to both municipalities and counties within 30 days of the bill becoming law.

No official summary on file for this bill · generated by Gemini 2.5 Flash from its full text

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