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S1659 • 2026

Requires construction project applicants to disclose project financing.

Requires construction project applicants to disclose project financing.

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor
Zwicker, Andrew
Last action
2026-05-11
Official status
Reported from Senate Committee with Amendments, 2nd Reading
Effective date
Not listed

Plain English Breakdown

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

Requires construction project applicants to disclose project financing.

Requires construction project applicants to disclose project financing.

What This Bill Does

  • Requires construction project applicants to disclose project financing.
  • Topic: 2nd Reading in the Senate 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.

Bill History

  1. 2026-05-11 New Jersey Legislature

    Reported from Senate Committee with Amendments, 2nd Reading

  2. 2026-01-13 New Jersey Legislature

    Introduced in the Senate, Referred to Senate Community and Urban Affairs Committee

Official Summary Text

Requires construction project applicants to disclose project financing.
Topic:
2nd Reading in the Senate
Fiscal note:
This bill has not been certified by OLS for a fiscal note.

Current Bill Text

Read the full stored bill text 
S1659 SCU Statement 5/11/26

SENATE COMMUNITY AND URBAN AFFAIRS COMMITTEE

STATEMENT TO

SENATE, No.
1659

with
committee amendments

STATE
OF NEW JERSEY

DATED:
�MAY 11,
2026

����� The Senate Community and Urban Affairs Committee
reports favorably and with committee amendments Senate Bill No. 1659.

����� As amended and reported, this bill requires an
application for a construction permit to disclose information sufficient to
identify the anticipated amounts and sources of funding of the proposed
construction project.� Additionally, the bill directs construction code
enforcing agencies, as a condition of issuance of a certificate of occupancy,
to require a construction permit applicant to either: certify that previously
submitted funding information is still accurate; or to disclose updated,
accurate construction project funding information.� The bill requires an
applicant to certify under penalty of perjury that a disclosure provided
pursuant to the bill is true and accurate at the time of submission of an
application and specifies that false or missing information provided in a
disclosure is the sole responsibility of the applicant.

����� The requirements of the bill do not apply to: (1) a
single-family home; (2) renovations or repairs of dwelling units, as defined in
the bill; or (3) alterations or reconstruction of certain structures and
buildings, including the alterations or reconstruction of an individual
dwelling unit.

����� The bill requires the Commissioner of Community
Affairs to adopt rules and regulations to effectuate the provisions of the bill
within 180 days following the date of enactment.

����� This bill was prefiled for introduction in the
2026-2027 session pending technical review.� As reported, the bill includes the
changes required by technical review, which has been performed.

COMMITTEE AMENDMENTS
:

����� The committee amended the bill: to require that an
applicant certify under penalty of perjury that the disclosure required
pursuant to the bill is true and accurate; and to specify that false
information provided in a disclosure is the sole responsibility of the
applicant.