Dedicates $500,000 annually from vessel registration and renewal fees to the New Jersey Greenwood Lake Fund.
The bill establishes the New Jersey Greenwood Lake Fund as a nonlapsing, revolving fund in the Department of Environmental Protection. It dedicates $500,000 annually from vessel registration and renewal fees to this fund, which will be used for the protection, preservation, maintenance, management, or enhancement of the New Jersey side of Greenwood Lake. The fund can be used without matching funds from the State of New York if the moneys are used solely for the specified purposes.
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