The bill establishes the New Jersey Veterans Organization Building Grant Program, designed to provide financial assistance for the construction and improvement of facilities used by veterans' organizations in the state. It amends existing law by adding the language "and section 3 of P.L. , c. (C. ) (pending before the Legislature as this bill)" to clarify the program's inclusion. The program aims to enhance resources available to veterans' organizations, thereby promoting their activities and services. To qualify for a grant, organizations must be designated as 501(c)(19) by the IRS, and grants will be awarded on a competitive basis with criteria developed by the New Jersey Economic Development Authority. The bill also creates the Veterans Organization Building Grant Fund within the Department of the Treasury, funded through taxpayer contributions on New Jersey gross income tax returns and annual appropriations from the Legislature. Additionally, it appropriates $2,000,000 from the General Fund to support the program's implementation. The Economic Development Authority is tasked with overseeing the program, including acquiring property, entering contracts, and establishing reserve funds for the projects. Overall, the bill aims to streamline access to funding for veterans' organizations, ensuring they have the necessary facilities to better assist veterans in New Jersey.

Statutes affected:
Introduced: 34:1B-3, 34:1B-5