New Jersey A5348 allows municipalities to temporarily use certain funding for open space, recreation, floodplain protection, farmland, and historic.

New Jersey A5348 amends existing law to allow municipalities to temporarily use funds from the "Municipal Open Space, Recreation, Floodplain Protection, and Farmland and Historic Preservation Trust Fund" for other purposes if they have established an arts and culture trust fund. The bill specifies that the governing body of a municipality can submit a proposition to voters to authorize an annual levy for these purposes. If approved, the funds raised can be deposited into the municipal trust fund and used for the specified purposes.

New Jersey A5348 allows municipalities to temporarily use certain funding for open space, recreation, floodplain protection, farmland, and historic.

New Jersey A5348 amends existing law to allow municipalities to temporarily use funds from the "Municipal Open Space, Recreation, Floodplain Protection, and Farmland and Historic Preservation Trust Fund" for other purposes if they have established an arts and culture trust fund. The bill specifies that the governing body of a municipality can submit a proposition to voters to authorize an annual levy for these purposes. If approved, the funds raised can be deposited into the municipal trust fund and used for the specified purposes.