Establishes "Boardwalk Preservation Fund" in DCA; appropriates $100 million from federal "American Rescue Plan Act of 2021."
Impact
The bill appropriates $100 million from federal funds provided by the American Rescue Plan Act of 2021 for the administration of the Boardwalk Preservation Fund. It mandates the development of an application process for municipalities to access these grants, ensuring that local projects can be funded to improve and maintain boardwalks. This initiative is expected to enhance local infrastructure and provide economic opportunities by improving conditions at popular coastal destinations.
Summary
S3989, known as the 'Boardwalk Preservation Fund' bill, aims to establish a dedicated fund within the Department of Community Affairs for coastal counties and municipalities. This fund is set to provide grants specifically for the construction, maintenance, reconstruction, and repair of boardwalks and related structures. The bill highlights the importance of maintaining infrastructure in coastal areas, which can be vital for tourism and local economies.
Sentiment
The sentiment surrounding S3989 appears to be largely supportive, as it focuses on enhancing local infrastructure and providing financial support to municipalities. The emphasis on federal funding and the designated use for coastal projects resonate positively with stakeholders concerned about the state of boardwalks and their contribution to local tourism and economies.
Contention
While the bill has garnered support, there may be concerns about prioritizing projects and the capacity of local governments to contribute to the required five percent project cost. Although the bill accommodates certain distressed municipalities by waiving this requirement, some local officials might fear that the grant conditions could add complexity in the application process. These apprehensions highlight a need for clear guidelines and support from the Department of Community Affairs to streamline the project's implementation.
Supplemental appropriations from the American Rescue Plan Act-Coronavirus State Fiscal Recovery Fund, the American Rescue Plan Act-Coronavirus State Fiscal Recovery Revenue Replacement Fund, and the American Rescue Plan Act-Coronavirus Capital Projects Fund for the fiscal year ending September 30, 2022.
Supplemental appropriations from the American Rescue Plan Act-Coronavirus State Fiscal Recovery Fund, the American Rescue Plan Act-Coronavirus State Fiscal Recovery Revenue Replacement Fund, and the American Rescue Plan Act-Coronavirus Capital Projects Fund for the fiscal year ending September 30, 2022.
Appropriates $34 million from constitutionally dedicated CBT revenues to State Agriculture Development Committee for county planning incentive grants for farmland preservation purposes.