Codey

CODEY APPOINTS SARLO

TO CHAIR JUDICIARY COMMITTEE

            TRENTON – Senate President Richard J. Codey (D-Essex) today announced the appointment of Senator Paul A. Sarlo (D-Bergen, Passaic, Essex) as the new Chair of the Senate Judiciary Committee to fill the vacancy that will be left when Senator John H.Adler (D-Cherry Hill) leaves to join Congress.

SENATE GREENLIGHTS CODEY, RUIZ BILL TIGHTENING TEEN DRIVER LAWS

            TRENTON – The full Senate today unanimously approved a bill sponsored by Senate President Richard J. Codey and Senator Teresa Ruiz that would provide greater protections for teen drivers by tightening restrictions on the number of people permitted in the car and cutting back on the hours that they can be on the road.  Bill S16 is based on recommendations from New Jersey’s Teen Driver Study Commission.

CODEY BILL TO SPUR BUSINESS RETENTION, JOB GROWTH APPROVED BY SENATE

            TRENTON – A bill sponsored by Senate President Richard J. Codey (D-Essex) that would serve as an economic engine by creating a more business-friendly environment in New Jersey and spurring job growth was approved by the full Senate today by a vote of 39 to 0.  Senate Bill S3/S1874, which was substituted by identical Assembly bill A2722, is one of many bills being voted on today that are part of the Governor’s economic stimulus plan aimed at responding to the current state and national economic crisis.

CODEY, BECK ASK CORZINE TO CONVENE BLUE RIBBON COMMISSION ON HORSE RACING INDUSTRY

              TRENTON – Senate President Richard J. Codey and Senator Jennifer Beck today sent a letter to Governor Jon Corzine urging him to convene a panel of experts and interested parties to discuss the long term stability and funding of the horse racing industry in New Jersey.

CODEY, TURNER CALL FOR TASKFORCE TO CURB UNDERAGE DRINKING ON COLLEGE CAMPUSES

After Lengthy Senate Hearing Today, Top Lawmakers Look to Future

            TRENTON – Senate President Richard J. Codey (D-Essex) and Senate Education Chairwoman Shirley Turner (D-Mercer) today said they will introduce legislation to form a taskforce to examine best practices to curb underage and binge drinking on college campuses.  The announcement came after a lengthy hearing on the issue before the Senate Education Committee, which heard testimony from both Senators, several college presidents and administrators, law enforcement officials, and representatives from the state Department of Law and Public Safety and the Commission on Higher Education.

SENATE BUDGET COMMITTEE APPROVES CODEY BILL TO SPUR BUSINESS RETENTION, JOB GROWTH

            TRENTON – The Senate Budget and Appropriations Committee today approved a bill sponsored by Senate President Richard J. Codey (D-Essex) that would serve as an economic engine by creating a more business-friendly environment in New Jersey and spurring job growth.  Senate Bill S3 is one of 11 bills that are part of the Governor’s economic stimulus plan aimed at responding to the current state and national economic crisis.

CODEY STATEMENT ON LATEST REVENUE PROJECTIONS

            TRENTON – Senate President Richard J. Codey (D-Essex) today responded to the latest revenue projects released by Governor Corzine with the following statement:

Senator Stephen Oroho welcomes new initiatives to kill the "throw-out" rule that is keeping New Jersey from creating jobs.

CODEY CALLS FOR DOBI INTERVENTION TO THWART NEW POTENTIAL MORTGAGE FRAUD

Senate President Also Seeking DCA Intervention on Rising HMFA Mortgage Rates 

            TRENTON – Senate President Richard J. Codey (D-Essex) today sent a letter to the Commissioner of the New Jersey Department of Banking and Insurance (DOBI) seeking intervention to thwart a potentially new crisis looming on the horizon for troubled homeowners.  During a meeting of roughly 200 members of the New Jersey Association of REALTORS last week, it was brought to Codey’s attention that a number of homeowners are now contemplating intentionally defaulting on their mortgages in order to qualify for a mortgage restructuring.

CODEY APPLAUDS ASSEMBLY’S SWIFT PASSAGE OF BILL TO AID STRUGGLING BUSINESSES, ATTRACT NEW INVESTMENTS 

            TRENTON –Senate President Richard J. Codey today applauded the Assembly for unanimously passing a bill, which he has sponsored in the Senate, to aid struggling businesses during the current economic crisis and help New Jersey’s business environment remain competitive with other neighboring states.  The Assembly approved bill S-2130, which would increase the time period in which a net operating loss (NOL) can be deducted from a corporation’s business tax, from seven to twenty years.