Archive for Tag: Local Bond Law

Torrissi bill making purchasing fire engines, public works trucks easier for counties and towns signed by governor

TRENTON, N.J. – Counties and towns are now able to more easily finance the purchase of new fire engines, which can cost more than $1 million each, thanks to a bill sponsored by Assemblyman Michael Torrissi that was signed into law on Tuesday. The measure extends the length of bonds...

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Assembly advances Torrissi bill making purchasing fire engines, public works trucks easier for counties and towns

TRENTON, N.J. – The cost of a new fire engine can be more than $1 million and a new garbage truck can be $300,000 or more. Under current law, counties and towns are limited in how they can finance such major but necessary expenses, says Assemblyman Michael Torrissi, who sponsors...

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Torrissi bill making purchasing fire engines, public works trucks easier for counties and towns passes committee

TRENTON, N.J. – A new fire engine can cost more than $1 million and a new garbage truck can be $300,000 or more. Assemblyman Michael Torrissi’s bill that cleared the Assembly State and Local Government Committee on Monday will make financing those purchases easier by extending the length of bonds...

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Thomson bill allowing county airports to more easily expand, boost economy becomes law

TRENTON, N.J. – Assemblyman Ned Thomson’s bill that allows county airports to operate independently was signed into law on Friday. The legislation (A2861) permits county governments to manage an airport as a public utility, which would separate it from other county accounts and aid in expansion and economic development....

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Committee passes Thomson bill allowing county airports to more easily expand, boost economy

TRENTON, N.J. – The Assembly Transportation and Independent Authorities Committee passed Assemblyman Edward Thomson’s bill on Thursday to allow county airports to operate independently, which would aid in expansion and economic development.  The bill (A2861) permits county governments to manage an airport as a public utility, separating it from...

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