New Jersey · 2026-2027 Regular Session · Bill
S 2541: Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
S 2541 is a bill introduced in the New Jersey Senate on January 13, 2026. According to its official title, it concerns: Credits $2.35 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $4.32 billion to Department of Treasury to provide funds to municipalities and counties for debt retirement and avoidance. Primary sponsor: O'Scanlon, Declan J., Jr., Testa, Michael L., Jr.. It lists 10 additional sponsors. Most recent recorded action (January 13, 2026): Introduced in the Senate, Referred to Senate Budget and Appropriations Committee.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Sponsors
Sponsors by party (alphabetical): Republican 10
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| O'Scanlon, Declan J., Jr. | Primary sponsor | Not applicable (committee) | — | — |
| Testa, Michael L., Jr. | Primary sponsor | Not applicable (committee) | — | — |
| Jon Bramnick | Co-sponsor | Republican | Senate | 21 |
| Tony Bucco | Co-sponsor | Republican | Senate | 25 |
| Kristin Corrado | Co-sponsor | Republican | Senate | 40 |
| Jim Holzapfel | Co-sponsor | Republican | Senate | 10 |
| Joe Pennacchio | Co-sponsor | Republican | Senate | 26 |
| Vince Polistina | Co-sponsor | Republican | Senate | 2 |
| Holly Schepisi | Co-sponsor | Republican | Senate | 39 |
| Bob Singer | Co-sponsor | Republican | Senate | 30 |
| Parker Space | Co-sponsor | Republican | Senate | 24 |
| Doug Steinhardt | Co-sponsor | Republican | Senate | 23 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Introduced in the Senate, Referred to Senate Budget and Appropriations Committee