---
type: "Bill"
title: "Establishes Social Impact Investment Fund; appropriates $20 million."
description: "Establishes Social Impact Investment Fund; appropriates $20 million."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "220"
identifier: "S 3977"
citation: "New Jersey S 3977 (220)"
classification: ["bill"]
subjects: ["MUNICIPALITI"]
status: "enacted"
primary_sponsors: ["McKeon, John F.", "Mukherji, Raj", "Ruiz, M. Teresa", "Singleton, Troy", "Wimberly, Benjie E."]
version_count: 2
action_count: 7
vote_count: 0
first_action: "2023-06-15T04:00:00+00:00"
last_action: "2023-06-30T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/ad657286-3086-4c0f-9edf-f692879a6b61"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "cd5482f4f5f8cf323f6258d2c901ead835379de042ef392a733d54bbdb3d55ab"
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 3977 (220) — Establishes Social Impact Investment Fund; appropriates $20 million.

## 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/S4000/3977_I1.HTM)
2. **Reprint SBA 6/27/23 1R** (committee substitute) — [source](https://pub.njleg.state.nj.us/Bills/2022/S4000/3977_R1.HTM)

## Sponsors

- McKeon, John F. — primary (person)
- Mukherji, Raj — primary (person)
- Ruiz, M. Teresa — primary (person)
- Singleton, Troy — primary (person)
- Wimberly, Benjie E. — primary (person)
- Cruz-Perez, Nilsa I. — cosponsor (person)
- Karabinchak, Robert J. — cosponsor (person)
- Lopez, Yvonne — cosponsor (person)
- Moen, William F. — cosponsor (person)
- Park, Ellen J. — cosponsor (person)
- Pou, Nellie — cosponsor (person)
- Reynolds-Jackson, Verlina — cosponsor (person)

## Timeline

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

- **2023-06-15T04:00:00+00:00** Introduced in the Senate, Referred to Senate Budget and Appropriations Committee `introduction, referral-committee`
- **2023-06-27T04:00:00+00:00** Reported out of Senate Committee with Amendments, 2nd Reading `committee-passage`
- **2023-06-30T04:00:00+00:00** Passed Senate (25-12) `passage`
- **2023-06-30T04:00:00+00:00** Received in the Assembly without Reference, 2nd Reading
- **2023-06-30T04:00:00+00:00** Substituted for A5670 (1R)
- **2023-06-30T04:00:00+00:00** Passed Assembly (Passed Both Houses) (53-23-0) `passage`
- **2023-06-30T04:00:00+00:00** Approved P.L.2023, c.67. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/ad657286-3086-4c0f-9edf-f692879a6b61`. Confidence: reported (aggregated from official New Jersey legislature records).