DeCroce Bill Extending Permit Extension Moratorium Date Helps State's Economic Development

Assembly Republican Press Release -

Legislation sponsored by Assembly Republican BettyLou DeCroce, R-Morris, Essex and Passaic, that re-instates the moratorium on the imposition of fees on non-residential construction projects through December 31, 2014, was approved by the General Assembly today. The moratorium had expired on July 1, 2013.

“The building industry is one of New Jersey’s key economic drivers as it creates jobs and facilitates commerce,” said DeCroce. “Extending the moratorium will save builders from re-applying for approvals previously obtained which only drives up the costs of a project. Unlike some recent legislative proposals that will hurt job growth in New Jersey, this bill will help build it.

“Many jobs are created both directly and indirectly due to the construction industry, such as suppliers, retailers, financial institutions and real estate,” stated DeCroce. “I would like to thank my colleagues Assemblymen Bramnick, Burzichelli, Singleton and Wimberly, and Assemblywoman Lampitt for working in a bipartisan manner on this legislation.”

The legislation, A-1907, provides that municipalities are required to return any monies paid by a developer during the time period between July1, 2013, through the effective date of the bill. Municipalities that have already spent such fees on affordable housing projects would not be required to provide a refund.

DeCroce Bill Extending Permit Extension Moratorium Date Approved By Committee

Source: Assembly Republican Press Release -

Bipartisan legislation sponsored by Assembly Republican BettyLou DeCroce, R-Morris, Essex and Passaic, that re-instates the moratorium on the imposition of fees on non-residential construction projects through December 31, 2014, was approved by the Assembly Housing and Community Development Committee today. The moratorium had expired on July 1, 2013.

“The building industry is one of New Jersey’s key economic drivers as it creates jobs and facilitates commerce,” said DeCroce. “Extending the moratorium will save builders from re-applying for approvals previously obtained which only drives up the costs of a project. The recent report that small business loan activity has increased 12 percent over the last six months in the state is certainly good news as this business segment accounts for the majority of our economic activity. Construction is an important first step in growing our economy.”

The legislation, A-1907, provides that municipalities are required to return any monies paid by a developer during the time period between July1, 2013, through the effective date of the bill. Municipalities that have already spent such fees on affordable housing projects would not be required to provide a refund. The Assembly unanimously approved the identical bill last December (A-4457), but it received no action in the Senate.

“Many jobs are created both directly and indirectly due to the building industry, such as suppliers, retailers, financial institutions and real estate,” stated DeCroce. “I would like to thank my colleagues Assemblymen Bramnick, Burzichelli, Singleton and Wimberly, and Assemblywoman Lampitt for working in a bipartisan manner on this legislation.”

DeCroce Bill Extending Permit Extension Moratorium Date Approved By Assembly

Source: Assembly Republican Press Release -

Bipartisan legislation sponsored by Assembly Republican BettyLou DeCroce, R-Morris, Essex and Passaic, that extends the moratorium on the imposition of fees on non-residential construction projects through December 31, 2014 was approved by the General Assembly today. The moratorium had expired on July 1, 2013.

The legislation, A-4457, which was released from the Assembly Appropriations Committee on Dec. 12, provides that municipalities are required to return any monies paid by a developer during the time period between July1, 2013 through the effective date of the bill. Municipalities that have already spent such fees on affordable housing projects would not be required to provide a refund.

“The building industry is one of New Jersey’s key economic drivers as it creates jobs and facilitates commerce,” said DeCroce. “Extending the moratorium will save builders from re-applying for approvals previously obtained which only drives up the costs of a project. Many jobs are created both directly and indirectly due to the building industry, such as suppliers, retailers, financial institutions and real estate.

“Extending the expiration date will save permit holders millions of dollars that can be used to create good-paying jobs,” explained DeCroce. “I would like to thank my colleagues Assemblymen Burzichelli, Bramnick and Singleton and Assemblywoman Lampitt for working in a bipartisan manner on this legislation.”