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S3816
SENATE, No. 3816
STATE OF NEW JERSEY
222nd LEGISLATURE
�
INTRODUCED MARCH 5, 2026
Sponsored by:
Senator� RAJ MUKHERJI
District 32 (Hudson)
SYNOPSIS
���� Requires study of vacant commercial space for small
businesses.
CURRENT VERSION OF TEXT
���� As introduced.
��
An Act
requiring a study of vacant commercial space for small
businesses and supplementing Title 52 of the Revised Statutes.
����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:
���� 1.� The Business Action Center
established in the Department of State pursuant to Reorganization Plan No.
003-2011 shall conduct a study on the impact of vacant commercial real estate
in the State and shall prepare and submit a written report within one year of
the effective date of P.L.��� , c.��� (pending before the Legislature as this
bill) to the Governor and, pursuant to section 2 of P.L.1991, c.164
(C.52:14-19.1), to the Legislature, which shall include, but not be limited to,
the following:
���� a.� information concerning
existing county and local government efforts to track vacant commercial real
estate within their jurisdictions;
���� b.� the progress and efforts
of municipal governments in utilizing the "Abandoned Properties
Rehabilitation Act," P.L.2003, c.210 (C.55:19-78 et seq.);
���� c.� an assessment of any
existing county and local government programs that provide financial or
technical assistance to address vacant commercial real estate within their
jurisdictions;
���� d.� a survey of business
owners and prospective business owners and their satisfaction with using
private real estate resources to identify vacant commercial real estate; and
���� e.� any further
recommendations that may help guide business owners and prospective business
owners in their search for vacant commercial real estate.
���� 2.��� This act shall take
effect on the 90th day next following the date of enactment.�
STATEMENT
����� This bill requires the Business Action Center in the
Department of State to conduct a study on the impact of vacant commercial real
estate in the State and prepare a report within one year of the effective date
of the bill to be submitted to the Governor and to the Legislature.� The report
is required to include, but not be limited to:�
����� (1)� information concerning existing county and local
government efforts to track vacant commercial real estate within their
jurisdictions;
����� (2)� the progress and efforts of municipal
governments in utilizing the "Abandoned Properties Rehabilitation Act;"
����� (3)� an assessment of any existing county and local
government programs that provide financial or technical assistance to address
vacant commercial real estate within their jurisdictions;
����� (4)� a survey of business owners and prospective
business owners and their satisfaction with using private real estate resources
to identify vacant commercial real estate; and
����� (5)� any further recommendations that may help guide
business owners and prospective business owners in their search for vacant
commercial real estate.