New Jersey lawmakers are working on an initiative that would create a new bonding agency, the Monmouth Economic Revitalization Authority, to help transform an inactive Army base into a mixed-use development.

A similar initiative died in committee at the end of the last session. The Assembly Commerce and Economic Development Committee last week moved the measure, A. 597. That bill and its Senate version, S. 917, will now go before appropriations committees in both chambers.

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