Supplemental appropriation of $35 million to the Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund.
This bill provides an additional $35 million from the General Fund to the Urban and Rural Centers Unsafe Buildings Demolition Revolving Loan Fund. This fund, established by P.L.1997, c.125, supports municipalities in their building demolition and disposal projects. The fund aims to assist in the demolition of unsafe buildings in urban and rural centers, enhancing community safety and development. The appropriation is intended to supplement the amounts already allocated under P.L.2022, c.49 for Fiscal Year 2022-2023.
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