Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot
Senator Anthony M. Bucco, Republican Leader - District 25 | Official U.S. Senate headshot
New Jersey Senator Bucco (R-25) has recently signed legislation aimed at providing municipalities with more flexibility in purchasing essential firefighting equipment. The bill, designated as A-5567/S-3807, seeks to address challenges faced by municipalities in financing the acquisition of crucial safety vehicles and equipment.
"The signing of this legislation will help provide our first responders with the necessary tools that keep our communities safe," Senator Bucco stated. He highlighted the impact of high inflation in recent years, making it challenging for municipalities to fund the purchase of fire engines and other costly safety vehicles. The new law enables municipalities to opt for longer repayment periods and smaller annual payments, ultimately benefiting taxpayers.
Key components of the legislation include amendments to the Local Bond Law, extending the period of usefulness of newly purchased fire engines, apparatus, and equipment from 10 to 20 years. Additionally, the bill clarifies the period of usefulness for vehicles with a gross vehicle weight rating (GVWR) below 15,000 pounds, maintaining it at five years in line with current regulations.
Moreover, the legislation eliminates exclusions for certain vehicles such as passenger cars and station wagons, establishing a five-year period of usefulness when purchased as new vehicles. It also broadens coverage to include larger public work vehicles and heavy construction equipment, allowing for extended periods of usefulness by at least five years for major repairs and enhancements.
Municipalities in New Jersey now have the option to explore longer financing terms and reduced annual payments for acquiring firefighting equipment, thanks to the newly signed bill. Those interested can access the full version of the legislation online or reach out to Senator Bucco's office for further inquiries.
For more information or to discuss the legislation, interested parties can contact Chris Sivel, SRO Deputy Director of Communications, at [email protected].
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