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Legislative Services

SELECT COMMISSION ON EMERGENCY COVID-19 BORROWING

Overview of the Commission and its Work

Establishment
The Select Commission on Emergency COVID-19 Borrowing was created in 2020 by the New Jersey Legislature. See P.L.2020, c.60.
Prior to the issuance of any amount of “New Jersey COVID-19 General Obligation Emergency Bonds,” the issuing officials must obtain approval of the proposal to issue bonds from the Select Commission on Emergency COVID-19 Borrowing. The Commission will be comprised of two members of the Senate selected by the Senate President and two members of the General Assembly selected by the Speaker of the General Assembly. Approval by three or more members of the Commission will constitute approval of the proposal to issue bonds, and the issuing officials may then issue bonds pursuant to the proposal. If the Commission fails to approve the proposal, the proposal will be considered disapproved by the Commission, and no bonds pursuant to the disapproved proposal will be allowed to be issued.
 
Commission Members
The Commission consists of four members. Currently the members are:
Senator Stephen M. Sweeney
Assemblyman Craig J. Coughlin
Senator Paul A. Sarlo
Assemblywoman Eliana Pintor Marin
 
 

 


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