This bill aims to re-appropriate the unexpended balance of the Fiscal Year 2024 appropriation for the Town of West New York, specifically to support the construction of a recreation center. It includes a supplemental appropriation of $3 million for the Town of West New York Recreation Center to restore the lapsed funding from FY 2024. The bill specifies that this amount will be drawn from the Property Tax Relief Fund and is intended to ensure that the full amount originally allocated for the Town is utilized for its intended purpose.
Additionally, the bill introduces new legal language that allows for the unexpended balance from the previous fiscal year's appropriation for the Town of West New York Overpass Project to be reallocated to the Recreation Center, contingent upon the approval of the Director of the Division of Budget and Accounting. This provision is designed to facilitate the effective use of funds and support the municipality's recreational infrastructure. The act is set to take effect immediately upon passage.