WeVote
Log In

Bill

Bill

S 4812

Establishes a course of study in financial education for certain students

2025 Regular Session Introduced by Joe Addabbo

If enacted, the bill would resume the RREM disaster-recovery program to fund unmet Sandy-related home rebuilding needs, subject to available uncommitted funds.

REFERRED TO EDUCATION
0
WeVote Research Nonpartisan
Bill Summary · S 4812

S 4812 — Summary

Note on title vs. content: The bill’s stated title refers to establishing a course of study in financial education for certain students. The introduced version content, however, centers on Superstorm Sandy recovery programs administered by the Department of Community Affairs. The summary below reflects the introduced version text as provided.

Overview

  • Bill Number: S 4812
  • Title (as listed): Establishes a course of study in financial education for certain students
  • Introduced: November 6, 2025
  • Status: Referred to Education (with subsequent legislative actions indicating referral to other committees)
  • Sponsors: Carmen F. Amato (primary), Joseph P. Addabbo Jr. (primary)
  • Related Bills: S 9644 (prior-session), A 1337 (companion)

Purpose and Intent (as introduced)

  • The bill, in its introduced version, would require the Department of Community Affairs (DCA) to restart the Reconstruction, Rehabilitation, Elevation and Mitigation (RREM) program and to accept grant applications.
  • The objective is to provide funding for unmet recovery needs of homeowners affected by Superstorm Sandy who still require financial assistance for recovery and rebuilding.

Key Provisions

  • Section 1: To the extent that there are sufficient, uncommitted appropriations for grant issuance, the DCA shall resume the RREM program and accept grant applications. The program would provide funding intended to meet the unmet needs of Sandy-impacted homeowners defined under the statute.
  • Section 2: The act shall take effect immediately.
  • Statement: Reiterates that the bill’s aim is to enable the DCA to resume the RREM program to fund unmet recovery needs, contingent on available uncommitted appropriations.

Who Would Be Affected

  • Primary beneficiaries: Superstorm Sandy-impacted homeowners who still have unmet recovery or rebuilding needs.
  • Administrating agency: New Jersey Department of Community Affairs (DCA), which would manage resume and grant-application processes.
  • Broader impact: Potentially local governments and contractors involved in Sandy recovery projects, depending on grant allocations.

Procedural and Timeline Aspects

  • Immediate effect: If enacted, the act would take effect immediately.
  • Funding condition: The program’s resumption hinges on the existence of sufficient, uncommitted appropriations.
  • Legislative path: Introduced in the Senate and referred to the Education Committee initially; subsequent actions show referral to the Senate Committee on Community and Urban Affairs.

Fiscal Implications

  • The text ties program resumption to “sufficient, uncommitted appropriations,” signaling funding is not guaranteed and would be limited by available uncommitted funds.

Legislative History and Context

  • Introduced: 11/6/2025
  • Legislative actions show prior referral to Education (2/13/2025) and later referral to Senate Community and Urban Affairs (11/6/2025).
  • Related bills include S 9644 (prior-session) and A 1337 (companion), which may reflect related or alternative approaches.

Potential Impact and Considerations

  • If enacted, the bill could restore a disaster-relief funding stream for Sandy-affected homeowners, enabling continued recovery work. The scope is limited to remaining uncommitted funds, so the program’s duration and reach depend on budgetary status. The apparent mismatch between the title (financial education) and the introduced content should be clarified in committee discussions.

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.