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S1206 1R
[First Reprint]
SENATE, No. 1206
STATE OF NEW JERSEY
222nd LEGISLATURE
�
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Senator LINDA R. GREENSTEIN
District 14 (Mercer and Middlesex)
Senator MICHAEL L. TESTA, JR.
District 1 (Atlantic, Cape May and Cumberland)
Co-Sponsored by:
Senator McKnight
SYNOPSIS
���� Establishes "New Jersey Small Business Indoor
Air Quality Management Support Program."
CURRENT VERSION OF TEXT
���� As reported by the Senate Labor Committee on May 11,
2026, with amendments.
��
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.
����
1
k.�� The
total amount of loans guaranteed by the authority pursuant to this section
shall not exceed $1 million per State fiscal year.
1
���� 3.��� a.�������� Any business
that has received a
1
[
grant
]
loan
1
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
1
[
the department
]
a licensed
contractor or licensed site remediation professional (LSRP)
1
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.���
1
The
department shall require inspections to be performed by an organization
certified by the Testing, Adjusting and Balancing Bureau, National
Environmental Balancing Bureau, or the Associated Air Balance Council.
����
c.
1
�� 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.