New Jersey S2471 increases relocation assistance amounts based on the Consumer Price Index.

New Jersey S2471 amends the "Relocation Assistance Act" to increase the maximum payments for relocation assistance over a four-year period following enactment. After this phase-in period, the maximum authorized payments will be adjusted annually according to the U.S. City Average of the Consumer Price Index for All Urban Consumers (CPI-U), published by the United States Department of Labor, Bureau of Labor Statistics. This bill affects displaced persons and businesses who are relocated due to the acquisition of real property by the state for public use.

New Jersey S2471 increases relocation assistance amounts based on the Consumer Price Index.

New Jersey S2471 amends the "Relocation Assistance Act" to increase the maximum payments for relocation assistance over a four-year period following enactment. After this phase-in period, the maximum authorized payments will be adjusted annually according to the U.S. City Average of the Consumer Price Index for All Urban Consumers (CPI-U), published by the United States Department of Labor, Bureau of Labor Statistics. This bill affects displaced persons and businesses who are relocated due to the acquisition of real property by the state for public use.