Dept/ Agency: Law Action: (X) Ratifying (X) Authorizing ( ) Amending Type of Service: Loan Agreement Purpose: To authorize the execution of the CY 2024 Transitional Aid (TA) Loan Agreement. Entity Name: State of New Jersey, Division of Local Government Services, Department of Community Affairs Entity Address: 101 South Broad Street, 2nd Floor, P.O. Box 803 Trenton, New Jersey 08625-0803 Aid Amount: $22,000,000.00 Contract Period: Effective date through June 28, 2024 until September 30, 2029 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient (X) n/a Additional Information:

What this record is

Amount

$22.0M

Runs until

Not stated in the agenda text — the term is normally in the signed agreement, attached to the original item ↗

Type

amendment

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Read automatically from the title of the official record. The source document below is authoritative.

Committee

Law

Introduced

August 20, 2024

On agenda

September 5, 2024

Passed

September 5, 2024

Where it was heard

Municipal Council Sep 5, 2024 Adopt Pass

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