NJ
New Jersey Assembly Bill A3477
New Jersey 2026-2027 Regular Session
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New Jersey 2026-2027 Regular Session

New Jersey Assembly Bill A3477

Introduced
1/13/26  

Caption

Establishes fund in DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.

Impact

The introduction of A3477 is significant as it directly impacts the funding and management of flood-risk properties in New Jersey. By ensuring dedicated funds for relocation assistance and property acquisition, the bill seeks to streamline operations for the DEP, allowing them to act swiftly in relocating affected homeowners and tenants. The restriction that no more than five percent of annual fund revenues can be allocated for administrative costs ensures that the majority of the resources are applied directly to assistance efforts. This reflects a policy goal of maximizing the efficiency and effectiveness of flood management and support structures in the state.

Summary

Assembly Bill A3477 aims to establish the Blue Acres Buyout Fund within the New Jersey Department of Environmental Protection (DEP) to provide financial assistance for flood-prone property acquisitions and relocations. The bill proposes an appropriation of $25 million from the General Fund specifically for these activities, reflecting a substantial commitment to addressing flooding issues in the state. By creating this nonlapsing, revolving fund, the bill is positioned to enable consistent financial support for blue acres projects, which help mitigate the impact of flooding on communities and individuals. This will be particularly beneficial for homeowners and tenants displaced by property acquisitions under the Blue Acres program.

Contention

While A3477 has the potential to enhance flood risk management, it could also raise concerns regarding budget allocations and the selection processes for which properties are prioritized for acquisition. Critics may argue that with limited funds available, there exists the risk of favoritism or insufficient engagement with affected communities. Moreover, ensuring that the funds are utilized effectively might invite scrutiny on how the DEP administers its programs, especially in terms of transparency around funding decisions and the criteria used to determine relocation assistance eligibility.

Latest NJ A3477 Activity

View All Events: NJ 2026-2027 Regular Session A3477

Companion Bills

NJ S1624

Carry Over Establishes fund for DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.

NJ A2285

Carry Over Establishes fund for DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.

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