Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.

Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.

What This Bill Does

• Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.
• Topic: Substituted by another Bill Fiscal note: This bill has not been certified by OLS for a fiscal note.

Limits and Unknowns

• This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Official Summary Text

Concerns temporary use of funding for open space, recreation, floodplain protection, farmland and historic preservation for certain municipalities.
Topic:
Substituted by another Bill
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

A5348 ABU Statement 6/28/26

ASSEMBLY BUDGET COMMITTEE

STATEMENT TO

ASSEMBLY,
No. 5348

STATE
OF NEW JERSEY

DATED:
�JUNE
28, 2026

����� The Assembly Budget Committee reports favorably
Assembly Bill No. 5348.

����� As reported, this bill authorizes that certain moneys
reserved for a municipality�s "Municipal Open Space, Recreation,
Floodplain Protection, and Farmland and Historic Preservation Trust Fund,"
may be deposited into the municipality�s current fund, for uses as determined
necessary by the municipality.�

����� The authority established by the bill is to only apply
if the municipality has established an arts and culture trust fund.� The
authority established by the bill is further limited exclusively to the tax
levy for fiscal year 2027, and funding deposited into a "Municipal Open
Space, Recreation, Floodplain Protection, and Farmland and Historic
Preservation Trust Fund" prior to fiscal year 2027 that has not been
expended.�

FISCAL IMPACT
:

����� This bill is not certified as requiring a fiscal note.