New Jersey § 52:9s-3

§ 52:9s-3.

a. The commission shall each year prepare a State Capital Improvement Plan containing

its proposals for State spending for capital projects, which shall be consistent with

the goals and provisions of the State Development and Redevelopment Plan adopted by

the State Planning Commission and shall be prepared after consultation with the New

Jersey Council of Economic Advisors, created pursuant to P.L.1993, c. 149 ( C.52:9H-34 et seq. ). Copies of the plan shall be submitted to the Governor and the Legislature no later

than December 1 of each year. The plan shall provide: (1) A detailed list of all capital projects of the State which the commission recommends

be undertaken or continued by any State agency in the next three fiscal years, together

with information as to the effect of such capital projects on future operating expenses

of the State, and with recommendations as to the priority of such capital projects

and the means of funding them; (2) The forecasts of the commission as to the requirements for capital projects of

State agencies for the four fiscal years next following such three fiscal years and

for such additional periods, if any, as may be necessary or desirable for adequate

presentation of particular capital projects, and a schedule for the planning and implementation

or construction of such capital projects; (3) A schedule for the next fiscal year of recommended appropriations of bond funds

from issues of bonds previously authorized; (4) A review of capital projects which have recently been implemented or completed

or are in process of implementation or completion; (5) Recommendations as to the maintenance of physical properties and equipment of

State agencies; (6) Recommendations which the commission deems appropriate as to the use of properties

reported in subsection c. of this section; (7) A report on the State's overall debt. This report shall include information on the outstanding general obligation debt

and debt service costs for the prior fiscal year, the current fiscal year, and the

estimated amount for the subsequent five fiscal years. In addition, the report shall provide similar information on capital leases and

installment obligations. In addition, the report shall provide similar information on the following long-term

obligations: all items comprising long-term liabilities as recorded in a schedule

of long-term debt changes (bonded and non-bonded) in the State's annual comprehensive

financial report prepared pursuant to section 37 of article 3 of P.L.1944, c. 112

( C.52:27B-46 ), the unfunded actuarial accrued liability for State administered retirement systems,

and the unfunded actuarial accrued liabilities for post-retirement medical and other

benefits; (8) An assessment of the State's ability to increase its overall debt and a recommendation

on the amount of any such increase. In developing this assessment and recommendation, the commission shall consider

those criteria used by municipal securities rating services in rating governmental

obligations; (9) A summary or written notification regarding the repayment or issuance of motor vehicle

surcharge revenue bonds required to be prepared or transmitted pursuant to section

2 of P.L.2019, c. 301 ( C.52:9S-3.1 ); and (10) Such other information as the commission deems relevant to the foregoing matters. b. Each State agency shall no later than August 15 of each year provide the commission

with: (1) A detailed list of capital projects which each State agency seeks to undertake

or continue for its purposes in the next three fiscal years, together with information

as to the effect of such capital projects on future operating expenses of the State,

and with such relevant supporting data as the commission requests; (2) Forecasts as to the requirements for capital projects of such agency for the four

fiscal years next following such three fiscal years and for such additional periods,

if any, as may be necessary or desirable for adequate presentation of particular capital

projects, and a schedule for the planning and implementation or construction of such

capital projects; (3) A schedule for the next fiscal year of requested appropriations of bond funds

from issues of bonds previously authorized; (4) A report on capital projects which have recently been implemented or completed

or are in process of implementation or completion; (5) A report as to the maintenance of its physical properties and capital equipment; (6) Such other information as the commission may request. c. Each State agency shall, when requested, provide the commission with supplemental

information in addition to that to be available to the commission under the computerized

record keeping of the Department of the Treasury, Bureau of Real Property Management,

concerning any real property owned or leased by the agency including its current or

future availability for other State uses. d. A copy of the plan shall also be forwarded to the Division of Budget and Accounting

each year upon its completion, and the portion of the plan relating to the first fiscal

year thereof shall, to the extent it treats of capital appropriations in the annual

budget, constitute the recommendations of the commission with respect to such capital

appropriations in the budget for the next fiscal year.