New Jersey S942 amends the Urban Enterprise Zones Act to include property acquisition under the definition of "qualified assistance fund expense.
New Jersey S942 amends the "New Jersey Urban Enterprise Zones Act," P.L.1983, c.303 to expand the definition of "qualified assistance fund expense" to include purchasing, leasing, or otherwise acquiring land or other property. This change allows the Urban Enterprise Zone assistance fund to cover expenses related to property acquisition for economic development within designated zones. The bill aims to stimulate economic activity and improve infrastructure within these zones.
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