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NJ Public Question No. 3

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Parents

> United States > New Jersey > Public Questions > 2003 Public Questions > Water Resources Bonding

Office

Referendum

Honorific

Referendum - Abbr:

Type

General Election

Filing Deadline

00, 2003 - 12:00pm Central

Polls Open

November 04, 2003 - 05:00am Central

Polls Close

November 04, 2003 - 07:00pm Central

Term Start

November 05, 2003 - 12:00pm

Term End

December 31, 9999 - 12:00pm

Contributor

Mr. Matt

Last Modified

Mr. Matt October 03, 2012 07:05pm

Data Sources

[Link]

Description

DAM, LAKE, STREAM, FLOOD CONTROL, WATER RESOURCES, AND WASTEWATER TREATMENT BOND ISSUE
Shall the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003," which authorizes the State to issue bonds in the amount of $200,000,000 for the purposes of providing financing for the restoration and repair of dams, the dredging and restoration of lakes, the cleaning and desnagging of streams to diminish flooding and property damage therefrom, and providing financing for flood control projects, water resources projects and wastewater treatment system projects, and providing the ways and means to pay the interest on the debt and also to pay and discharge the principal thereof, be approved?

Interpretive Statement:
Approval of this act would authorize the sale of $200,000,000 in State general obligation bonds to be used for the purposes of providing $15,000,000 to restore and repair State-owned dams, $95,000,000 in low-interest loans to owners of dams for dam restoration and repair projects, and $15,000,000 in low-interest loans to owners of lakes and streams and private lake associations, with local governments as co-applicants, for lake dredging and restoration, or stream cleaning and desnagging projects, necessary to diminish severe flooding in the State; $25,000,000 to finance State flood control projects, and $50,000,000 for water resources projects and wastewater treatment system projects.