Read the full stored bill text
A5113
ASSEMBLY, No. 5113
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MAY 18, 2026
Sponsored by:
Assemblyman� ANTHONY S. VERRELLI
District 15 (Hunterdon and Mercer)
SYNOPSIS
���� Establishes "New Jersey Small Business Indoor
Air Quality Management Support Program."
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
establishing the �New Jersey Small Business
Indoor Air Quality Management Support Program� and supplementing P.L.1974,
c.80.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.��� As used in P.L.��� ,����
(C.������� ) (pending before the legislature as this bill):
���� �Authority� means the New
Jersey Economic Development Authority established by section 4 of P.L.1974,
c.80 (C.34:1B-4).
���� �Department� means the New
Jersey Department of Environmental Protection.
���� �Eligible small business�
means a business entity that is independently owned and operated, operates
primarily within this State, and has 100 or fewer full-time employees.
���� 2.��� a.� The authority shall
maintain and administer a program for the purpose of providing loans to
eligible small businesses for the improvement of indoor air quality. This
program shall be known as the �New Jersey Small Business Indoor Air Quality
Management Support Program.� The authority shall consult with the department in
administering the program as it applies to indoor air quality standards.
���� b.��� The loan funds may be
applied to any aspect of the eligible small business intended to improve indoor
air quality, including, but not limited to, capital purchases, employee
training, and salaries, as determined by the authority, for new positions.
���� c.���� In order to receive a
loan, a business shall submit an application and, at the time of application,
provide proof, as determined by the authority, that it qualifies as an eligible
small business, as defined pursuant to section 1 of P.L.��� , c.��� (C.�������
) (pending before the Legislature as this bill). Upon approval of a loan, an
eligible small business shall enter into a loan agreement with the authority.
���� d.��� The authority shall
review and may approve applications for the small business loan program.
���� e.���� A business seeking to
participate in the small business loan program shall submit an application in a
form as the authority shall require.� The application shall include information
the authority shall determine is necessary in consideration of the provisions
of P.L.2011, c.123 (C.52:14B-21.1 et seq.).
���� f.���� Small business loans
under this section shall be made pursuant to a small business loan agreement
made pursuant to subsection c. of this section; bear interest at rates and
terms deemed appropriate by the authority; and contain other terms and
conditions considered appropriate by the authority that are consistent with the
purposes of P.L.��� , c.��� (C.������� ) (pending before the Legislature as
this bill). The authority shall, to the greatest extent practicable, ensure
that loans are provided at an affordable rate of interest.
���� g.��� The authority may, in
its discretion, require an eligible small business that receives a loan under
the small business loan program administered pursuant to P.L.��� , c.���
(C.������� ) (pending before the Legislature as this bill) to submit an audited
financial statement to the authority in order to ensure the business's
continued vitality.
���� h.��� The authority may,
either through the adoption of rules and regulations, or through the terms of
the small business loan agreement made pursuant to subsection c. of this
section, establish terms governing the incidence of default by an eligible
small business that receives a small business loan under the program
administered pursuant to P.L.��� , c.��� (C.������� ) (pending before the
Legislature as this bill).
���� i.���� The authority shall, to
the greatest extent practicable, administer the program.
���� j.���� The authority shall
require work performed using funds provided by the program to be performed by
an organization certified by the Testing, Adjusting and Balancing Bureau,
National Environmental Balancing Bureau, or the Associated Air Balance Council.
���� 3.��� a.� Any business that
has received a grant through the �New Jersey Small Business Indoor Air Quality
Management Support Program� pursuant to P.L.��� , c.��� (C.������� ) (pending
before the Legislature as this bill) may apply to the department for a New
Jersey Small Business Indoor Air Quality Management Certification. A condition
for the issuance of a certificate shall be the completion of a successful
indoor air quality management inspection. This inspection shall be performed by
the department and be based on the Indoor Air Quality Management Checklist
promulgated by the United States Environmental Protection Agency.
The commissioner, by rule and regulation, may establish
additional requirements for certification that the commissioner determines to
be reasonable and appropriate to further the purposes of this act.
���� b.��� To
maintain certification, successful passage of an inspection based on the Indoor
Air Quality Management Checklist shall be completed each year.
���� 4.��� The authority shall
adopt, pursuant to the Administrative Procedures Act P.L.1968, c.410
(C.52:14B-1 et seq.), any rules and regulations necessary for the
implementation of this act.
���� 5.��� This act shall take
effect on the 90th day after the date of enactment.
STATEMENT
���� This bill establishes the �New
Jersey Small Business Indoor Air Quality Management Support Program.� The
program provides loans to eligible small businesses for the improvement of
indoor air quality.� It will be administered by the New Jersey Economic Development
Authority, in consultation with the Department of Environmental Protection.�
The loans may be applied to any aspect of an eligible small business intended
to improve the business� indoor air quality, including capital purchases,
employee training, and salaries for new positions.� Work performed using funds
provided by the program shall be performed by an organization certified by the
Testing, Adjusting and Balancing Bureau, National Environmental Balancing
Bureau or the Associated Air Balance Council.
���� Small business loans under the
bill are to bear interest at rates and terms set by the authority.
���� Any business that has received
a grant through the program may apply to the department for a New Jersey Small
Business Indoor Air Quality Management Certification.� A condition for the
issuance of a certificate shall be the completion of a successful indoor air
quality management inspection. This inspection is to be performed by the New
Jersey Department of Environmental Protection and be based on the Indoor Air
Quality Management Checklist promulgated by the United States Environmental
Protection Agency.