New Jersey A2936 mandates legislative approval for funding certain Board of Public Utilities plans, programs, and projects exceeding $1 million.

New Jersey A2936 requires the Board of Public Utilities to submit a detailed explanation to the Legislature for any plan, program, or project costing over $1 million not included in the board’s approved annual budget. This explanation must include an outline, cost estimate, objectives, expected outcomes, and a justification for additional funding. The Legislature must then adopt a concurrent resolution to approve or disapprove the funding.

New Jersey A2936 mandates legislative approval for funding certain Board of Public Utilities plans, programs, and projects exceeding $1 million.

New Jersey A2936 requires the Board of Public Utilities to submit a detailed explanation to the Legislature for any plan, program, or project costing over $1 million not included in the board’s approved annual budget. This explanation must include an outline, cost estimate, objectives, expected outcomes, and a justification for additional funding. The Legislature must then adopt a concurrent resolution to approve or disapprove the funding.