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02/01/2013   Community Disaster Loan Program
02/01/2013   Changes to Energy Savings Improvement Program (ESIP)

Community Disaster Loan Program - 02/01/2013

Local Finance Notice 2013-08 explains the "Community Disaster Loan Program" which is administered through FEMA.  This federal program can provide revenue in support of local budgets experiencing or expected to experience significant revenue losses (greater than 5%) attributable to Superstorm Sandy.  Federal assistance through the program can be included in local government budgets to maintain essential services while revenue sources are rebuilt.  Any county, municipality, authority or fire district interested in applying for a Community Disaster Loan must first notify the Division of Local Government Services by sending an email to Jason.Martucci@dca.state.nj.us.

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Changes to Energy Savings Improvement Program (ESIP) - 02/01/2013

Assembly Bill No. 2313 modified the Energy Savings Improvement Program (ESIP) laws that are expected to help expedite the process and begin a State-wide initiative to reduce energy consumption. The new law was approved by Governor Chris Christie on September 19, 2012, and is known as P.L. 2012, c.55. The modifications provide greater clarity concerning the steps involved in implementing a successful ESIP and identifying the Board of Public Utilities (BPU) as the lead agency that will enforce the competitive nature of all future projects and provide general oversight.

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Updated: 04/24/2013