New JerseyResolution would make Monmouth Boat Club eligible for preservation loan
If both chambers adopt the resolution, Monmouth Boat Club’s Red Bank project would be eligible for a $280,000 low-interest preservation loan under the trust’s conditions.
What it does
If both chambers adopt this resolution, Monmouth Boat Club’s Red Bank project would be eligible for a $280,000 low-interest preservation loan. The trust’s conditions would still apply.
Argument forIf lawmakers approve the project and the club meets the trust’s conditions, a low-interest loan could help pay for preservation work.
Argument againstIf the loan is made, putting $280,000 toward one club could leave less money in the preservation loan fund for other projects.
More detail
The Legislature would approve Monmouth Boat Club’s project as eligible for a low-interest preservation loan. This covers Monmouth Boat Club’s project in Red Bank Borough, Monmouth County, for a $280,000 loan. Both chambers must adopt the resolution. The New Jersey Historic Trust’s loan terms and other conditions would apply.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 5Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation CommitteeIntroduced
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