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Bond In Investing Savings The McGreevey Administration today announced a new bonding plan that will provide the Garden State Preservation Trust an additional $100 million annually to expedite the preservation of New Jerseys critical open space.

Township officials are moving ahead with plans to preserve 120 acres of open space at the Jewish Community Center Camp off Tuckerton Road. Township Manager Alan Feit said yesterday the two sides have agreed in principle on a deal for the township to purchase the development rights to the camp for $1.8 million. Under the tentative agreement, which the Township Council could vote on at its April 8 meeting, funding would be divided between Medford, the county' space fund and the state Green Acres fund, tor Beth Richmond.

Bond Investment Toledo Toledo Based on recommendations from the state Department of Treasury, the Garden State Preservation Trust approved a new financing structure that will allow the state to minimize interest and debt service costs to taxpayers while maximizing the proceeds generated for the open space program. The plan will provide for a mix of $400 million in current interest bonds and $100 million in zero-coupon bonds.

DiVincenzo has worked to change the state's open space funding preservation formula to allow urban parks to qualify for more aid, an initiative for which he is also to be applauded. Essex officials and Nutley Moms United are showing off a new playground at Yanticaw Park, a $450, 000 project that features new swings and equipment for climbing and sliding. It is part of a larger program that aims to upgrade 12 playgrounds by Nov. 1.

James Bond Trading Card Governor McGreeveys Smart Growth agenda sets new priorities for open space preservation and a sound financing plan to support his initiatives including funds for needed parks in local communities, said Department of Environmental Protection Commissioner Bradley M. Campbell. Todays plan will increase the funding resources we have to accomplish these goals.

Voters are being asked to create an open space, recreation and farmland preservation fund. The issue before voters is a proposed expansion of uses of already approved local open space dollars, to add farmland preservation, maintenance of open space, and paying off open space preservation debt. Residents are being asked to allow the township council to double the open space tax, which could raise a potential $248, 000 next year.

Bond In Investing Stock We are extremely pleased with the Trusts approval of this prudent financing mechanism for open space acquisitions, said state Treasurer John McCormac. The mixture of current interest and zero coupon bonding provides the financial leverage New Jersey needs to implement a sound and effective open space preservation program.

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Municipal Bonds Investment McCormac added that the approval of financing arrangements signals a strong shared commitment to preserving New Jerseys open space resources. The Garden State Preservation Trust can now take a giant leap forward in a spirit of partnership and cooperation among all parties working for the Trusts success.

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Bond Terms Trading Preserved open space protects New Jerseys water supply and quality, preserves sensitive habitats for endangered and threatened species, minimizes sprawl, provides recreational opportunities and allows New Jerseyans to connect with nature.

Bond Debt High In Inside With widespread public support and a commitment from Governor McGreevey, the Garden State Preservation Trust funds will continue to create a legacy of protected open space and historic resources for future state residents.

Bond Greenville Greenville Since the Garden State Preservation Trusts inception in 1998, New Jersey has purchased nearly 300,000 acres for open space preservation, has approved more than $50 million in recreational projects and park development, and provided over $13 million for historic preservation projects.

Trading Stock And Bonds NJ DEP - 12/20/2002

Topic: NJ DEP

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