New Jersey S 3652: Authorizes board of education to lease certain property.

Bill Text

S3652 

SENATE, No. 3652 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

INTRODUCED FEBRUARY 24, 2026

Sponsored by:

Senator� LINDA R. GREENSTEIN

District 14 (Mercer and Middlesex)

Senator� JAMES BEACH

District 6 (Burlington and Camden)

SYNOPSIS

���� Creates home purchase grant program in HMFA for 
certain veterans who served in federal active duty; appropriates $2 million. 

CURRENT VERSION OF TEXT 

���� As introduced.

�� 

An Act establishing a home purchase grant program for certain 
veterans, supplementing and amending P.L.1983, c.530, and making an 
appropriation.

���� Be It 
Enacted by the Senate and General Assembly of 
the State of New Jersey:

���� 1.��� (New section)� a.� The 
agency shall establish, in coordination with the Department of Military and 
Veterans Affairs, a grant program to assist certain veterans in the purchase of 
a home.� The grant program may be interfaced with any program administered by 
the agency for first-time homebuyers, except that a veteran shall not be 
required to meet the eligibility criteria of any other homebuyer program in 
order to participate in the grant program established under this section.� 

���� b.��� The grant program shall 
provide matching grants, on the basis of available funds, to eligible veterans 
on a dollar-for-dollar matching basis, up to a maximum of $10,000, except that 
a recipient shall not receive more than one matching grant under the program.� 
The funds may be applied to closing costs, equity payments, or for any other 
purpose that assists the recipient in purchasing a home.

���� c.���� (1)� To qualify for the 
grant program, a veteran shall provide to the agency, at the time of 
application, proof of:

���� (a)�� at least 90 days of 
service on federal active duty; 

���� (b)�� legal residency in the 
State of New Jersey; and 

���� (c)�� the intent to purchase a 
principal residence in the State of New Jersey.

���� (2)�� The agency shall not 
establish income eligibility requirements for the grant program.� The agency 
may give priority to any applicant who also qualifies for assistance under any 
other home purchase assistance program administered by the agency, including 
but not limited to the first-time homebuyer program.� 

���� d.��� As used in this section:

���� �Veteran� includes any member of 
the United States Armed Forces, the reserve components, or the New Jersey 
National Guard.

���� 2.��� (New section) The 
agency, in consultation with the Department of Military and Veterans Affairs, 
shall promulgate regulations, pursuant to the �Administrative Procedure Act,� 
P.L.1968, c.410 (C.52:14B-1 et seq.), to effectuate the provisions of P.L.��� , 
c.��� (C.������� ) (pending before the Legislature as this bill).

���� 3.��� Section 5 of P.L.1983, 
c.530 (C.55:14K-5) is amended to read as follows:

���� 5.��� In order to carry out 
the purposes and provisions of this act, the agency, in addition to any powers 
granted to it elsewhere in this act, shall have the following powers:

���� a.���� To adopt bylaws for the 
regulation of its affairs and the conduct of its business;� to adopt an 
official seal and alter the same at pleasure; to maintain an office at such 
place or places within the State as it may designate;� to sue and be sued in 
its own name;

���� b.��� To conduct examinations 
and hearings and to hear testimony and take proof, under oath or affirmation, 
at public or private hearings, on any matter material for its information and 
necessary to carry out the provisions of this act;

���� c.���� To issue [subpenas] subpoenas 
requiring the attendance of witnesses and the production of books and papers 
pertinent to any hearing before the agency, or before one or more of the 
members of the agency appointed by it to conduct a hearing;

���� d.��� To apply to any court, 
having territorial jurisdiction of the offense, to have punished for contempt 
any witness who refuses to obey a [subpena] subpoena, 
or who refuses to be sworn or affirmed to testify, or who is guilty of any 
contempt after summons to appear;

���� e.���� To acquire by purchase, 
gift, foreclosure or condemnation any real or personal property, or any 
interest therein, to enter into any lease of property� and to hold, sell, 
assign, lease, encumber, mortgage or otherwise dispose of� any real or personal 
property, or any interest therein, or mortgage lien� interest owned by it or 
under its control, custody or in its possession and� release or relinquish any 
right, title, claim, lien, interest, easement or� demand however acquired, 
including any equity or right of redemption, in� property foreclosed by it and 
to do any of the foregoing by public or private sale, with or without public 
bidding, notwithstanding the provisions of any other law;

���� f.���� To acquire, hold, use 
and dispose of its income revenues, funds and moneys;

���� g.��� To adopt rules and 
regulations expressly authorized by this act and such additional rules and