New Jersey Statutes 40:14B-40.1. Findings, declarations relative to infrastructure maintenance
Terms Used In New Jersey Statutes 40:14B-40.1
- State: extends to and includes any State, territory or possession of the United States, the District of Columbia and the Canal Zone. See New Jersey Statutes 1:1-2
Infrastructure maintenance and repair are vital to the economy and quality of life in the State of New Jersey.
Infrastructure maintenance and repair continue to be insufficiently funded throughout the State.
Property taxes in this State continue to be a serious burden to local property taxpayers and so cannot be relied upon to fund necessary infrastructure maintenance and repairs.
It is in the public interest to develop additional funding sources to provide for necessary maintenance and repair of infrastructure within the State.
County utilities authorities with surplus funds offer one such additional funding source and a pilot program should be developed to explore the efficacy of using those surplus funds for these infrastructure purposes.
L.2013, c.190, s.1.