New JerseyMonmouth Boat Club would become eligible for a $280,000 preservation loan
If the Legislature adopts the resolution, Monmouth Boat Club in Red Bank could receive a $280,000 low-interest preservation loan under conditions set by the New Jersey Historic Trust.
What it does
The Monmouth Boat Club project in Red Bank would become eligible for a $280,000 low-interest preservation loan if the Legislature adopts the resolution, with conditions set by the trust.
Argument forA low-interest loan could help the club pay for historic preservation work while keeping its borrowing costs down.
Argument againstAccepting the loan could commit club funds to repayment and require the club to follow conditions set by the trust.
More detail
The resolution would approve the project as eligible for a $280,000 low-interest preservation loan. Approval would cover the Monmouth Boat Club project in Red Bank Borough, Monmouth County. The Legislature must adopt the resolution before the project can receive the loan. The New Jersey Historic Trust would set the loan terms and require other conditions. The loan would use money from the state's Historic Preservation Revolving Loan Fund.
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Where it stands
- Introduced
- Passed 1st Chamber
- Passed 2nd Chamber
Looking ahead
No hearings or votes scheduled.
History
- 2026
- Oct 19Introduced, Referred to Assembly Tourism, Gaming and the Arts CommitteeIntroduced
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