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.”

Bill to Reinstate Nonresidential Construction Fee Moratorium Advances

Source: NJBIZ -

A bipartisan-supported bill that would reinstate a moratorium on nonresidential construction project fees was unanimously advanced by the Assembly Appropriations Committee Thursday.

The original moratorium on the fees, which are designated to fund affordable housing projects, had expired in July. The new bill would extend it through the end of 2014.

Under the bill, municipalities which collected the affordable housing fees after the moratorium’s expiration must return them to developers. However, municipalities that have already been spent the money from the fees on affordable housing projects will not be required to refund the developers.

Assemblywoman BettyLou DeCroce (R-Parsippany), a bill sponsor, said that the bill helps promote the building industry, which she called one of the state’s “key economic drivers.”

“Extending the moratorium will save builders from reapplying for approvals previously obtained which only drives up the costs of a project,” DeCroce said in a release. “Many jobs are created both directly and indirectly due to the building industry, such as suppliers, financial institutions and real estate.”

Michael Egenton, senior vice president of government relations for the New Jersey Chamber of Commerce, said he saw the matter as an issue of competitiveness. With the passage of the Economic Opportunity Act and its slew of incentives, to not extend the moratorium would “almost kind of neutralize” and contradict everything the state is working for in terms of development.

DeCroce Bill Extending Permit Extension Moratorium Date Released By Comittee

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 Assembly Appropriations Committee today. The moratorium had expired on July 1, 2013.

The legislation, A-4457, 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.

“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.”“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.