---
type: "Bill"
title: "Credits $5.2 billion to \"New Jersey Debt Defeasance and Prevention Fund\"; appropriates $2.9 billion to NJ Schools Development Authority, NJ DOT, and NJT; and establishes process for authorizing future appropriations for debt defeasance and capital projects."
description: "Credits $5.2 billion to \"New Jersey Debt Defeasance and Prevention Fund\"; appropriates $2.9 billion to NJ Schools Development Authority, NJ DOT, and NJT; and establishes process for authorizing future appropriations for debt defeasance and capital projects."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "220"
identifier: "S 2944"
citation: "New Jersey S 2944 (220)"
classification: ["bill"]
subjects: ["STATE BUDGT"]
status: "enacted"
primary_sponsors: ["Freiman, Roy", "Jaffer, Sadaf F.", "Moriarty, Paul D.", "Mosquera, Gabriela M.", "Ruiz, M. Teresa", "Sarlo, Paul A.", "Swain, Lisa", "Tully, Chris"]
version_count: 1
action_count: 7
vote_count: 0
first_action: "2022-06-27T04:00:00+00:00"
last_action: "2022-06-30T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/a1bf9c08-fe1d-4ae5-baa5-2fefad252d25"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "14639cb5b04a8fda47eea8168f620431ee9259ee02d047608548eaf25f648d2a"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 2944 (220) — Credits $5.2 billion to "New Jersey Debt Defeasance and Prevention Fund"; appropriates $2.9 billion to NJ Schools Development Authority, NJ DOT, and NJT; and establishes process for authorizing future appropriations for debt defeasance and capital projects.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/S3000/2944_I1.HTM)

## Sponsors

- Freiman, Roy — primary (person)
- Jaffer, Sadaf F. — primary (person)
- Moriarty, Paul D. — primary (person)
- Mosquera, Gabriela M. — primary (person)
- Ruiz, M. Teresa — primary (person)
- Sarlo, Paul A. — primary (person)
- Swain, Lisa — primary (person)
- Tully, Chris — primary (person)
- Atkins, Reginald W. — cosponsor (person)
- Benson, Daniel R. — cosponsor (person)
- Caputo, Ralph R. — cosponsor (person)
- Carter, Linda S. — cosponsor (person)
- Chaparro, Annette — cosponsor (person)
- Danielsen, Joe — cosponsor (person)
- DeAngelo, Wayne P. — cosponsor (person)
- Egan, Joseph V. — cosponsor (person)
- Haider, Shama A. — cosponsor (person)
- Jasey, Mila M. — cosponsor (person)
- Jimenez, Angelica M. — cosponsor (person)
- Karabinchak, Robert J. — cosponsor (person)
- Lampitt, Pamela R. — cosponsor (person)
- Lopez, Yvonne — cosponsor (person)
- McKeon, John F. — cosponsor (person)
- McKnight, Angela V. — cosponsor (person)
- Mejia, Pedro — cosponsor (person)
- Moen, William F. — cosponsor (person)
- Mukherji, Raj — cosponsor (person)
- Murphy, Carol A. — cosponsor (person)
- Park, Ellen J. — cosponsor (person)
- Sampson, William B. — cosponsor (person)
- Schaer, Gary S. — cosponsor (person)
- Spearman, William W. — cosponsor (person)
- Stanley, Sterley S. — cosponsor (person)
- Timberlake, Britnee N. — cosponsor (person)
- Tucker, Cleopatra G. — cosponsor (person)
- Verrelli, Anthony S. — cosponsor (person)
- Wimberly, Benjie E. — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-06-27T04:00:00+00:00** Introduced in the Senate, Referred to Senate Budget and Appropriations Committee `introduction, referral-committee`
- **2022-06-27T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2022-06-29T04:00:00+00:00** Passed Senate (25-15) `passage`
- **2022-06-29T04:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2022-06-29T04:00:00+00:00** Substituted for A4162 (1R)
- **2022-06-29T04:00:00+00:00** Passed Assembly (Passed Both Houses) (50-26-2) `passage`
- **2022-06-30T04:00:00+00:00** Approved P.L.2022, c.18. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/a1bf9c08-fe1d-4ae5-baa5-2fefad252d25`. Confidence: reported (aggregated from official New Jersey legislature records).