New Jersey bill A3951 authorizes the Economic Development Authority to use funds from the Global Warming Solutions Fund for projects to refurbish or.
New Jersey bill A3951 amends the allocation of funds in the Global Warming Solutions Fund, allowing the Economic Development Authority to use these funds for projects aimed at refurbishing or upgrading existing electricity generation facilities. This includes modernizing, expanding, or extending the lifespan of these facilities. The bill also specifies that such projects must demonstrate a measurable reduction in greenhouse gas emissions or energy demand. The fund, established under the Regional Greenhouse Gas Initiative, receives moneys from electric power generation facilities.
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