New Jersey Dredging Project Funding Amendment, ACR 79 (2014)

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The New Jersey Dredging Project Funding Amendment, ACR 79 did not make the November 4, 2014 ballot in New Jersey as a legislatively-referred constitutional amendment. The measures would have dedicated 1 percent of the Corporation Business Tax revenue annually to fund dredging projects. The measure was primarily sponsored by Assemblyman David Rible (R-30) in the New Jersey Assembly, where it was known as Assembly Concurrent Resolution 79. If enacted, it would amend Article VIII, Section II of the New Jersey Constitution by adding a new paragraph to it.[1]

Text of measure

If the measure had been placed on the ballot in its introduced form, it would have appeared as follows:[1]

NJ2014 ACR 79 as introduced.JPG[2]

Constitutional changes

If enacted, ACR 79 would have amended Article VIII, Section II of the New Jersey Constitution by adding the following paragraph to it:[1]

8. There shall be credited annually to a special account in the General Fund an amount equivalent to 1% of the revenue annually derived from the tax imposed pursuant to the "Corporation Business Tax Act (1945)," P.L.1945, c.162 (C.54:10A-1 et seq.), as amended and supplemented, or any other State law of similar effect.

The amount annually credited pursuant to this paragraph shall be dedicated and shall be appropriated from time to time by the Legislature only for the following purposes: providing funding for, or financing the cost of, dredging the waters of the State.

It shall not be competent for the Legislature, under any pretense whatever, to borrow, appropriate, or use the amount credited to the special account pursuant to this paragraph, or any portion thereof, for any purpose or in any manner other than as enumerated in this paragraph. It shall not be competent for the Legislature, under any pretense whatever, to borrow, appropriate, or use the amount credited to the special account pursuant to this paragraph, or any portion thereof, for the payment of the principal or interest on any general obligation bond that was approved by the voters prior to this paragraph becoming part of this Constitution.[2]


Support

Assemblyman David Rible (R-30) was the primary sponsor of ACR 79.[1]

Path to the ballot

See also: Amending the New Jersey Constitution

In New Jersey, proposed constitutional amendments have two ways of achieving ballot access. The New Jersey Legislature can either qualify it with supermajority approval of 60 percent in one legislative session or with simple majorities in two successive sessions.

ACR 79 was introduced on January 16, 2014, and referred to the Assembly Appropriations Committee.[3]

See also

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External links

References

  1. 1.0 1.1 1.2 1.3 216th New Jersey Legislature, "Assembly Concurrent Resolution 79," accessed June 30, 2014
  2. 2.0 2.1 Note: This text is quoted verbatim from the original source. Any inconsistencies are attributed to the original source.
  3. Open States, "New Jersey ACR 79, 2014-2015 Regular Session," accessed June 30, 2014

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