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  Public Library Grant Program:
(statute)
Outstanding Debt  
 

Enacted in 1999, this program authorizes the Authority to issue up to $45 million in State-supported bond financing to provide grants to public libraries for new construction, expansion, rehabilitation and/or acquisition projects. On December 5, 2002 the Authority issued its bonds in an amount of $45 million and 68 public libraries are the beneficiaries of this grant program.

 
Issue Maturity Interest Rate Principal Outstanding
as of 03/31/08
2002 A 09/01/2022 3.35%-5.5% $45,000,000 $39,595,000
    Total $45,000,000 $39,595,000


Grantee Allocation
Atlantic County
Pleasantville $468,780
Ventor City $456,772


Bergen County
Bergen $744,864
Closter $488,703
Franklin Lakes $709,760
Glen Rock $272,503
Hasbrouck Heights $704,468
Hillsdale $543,830
Leonia $128,197
Little Ferry $269,675
Maywood $247,912
Montvale $414,897
Oakland $726,050
Park Ridge $27,406
Ridgefield $524,673
Tenafly $150,934
Waldwick $105,608
Washington Twp $374,392
Westwood $92,739


Burlington County
Burlington County $389,466
Twp of Pemberton $706,252
Willingboro $1,555,628


Camden County
Camden Co. $702,576
Cherry Hill $2,719,283


Cumberland County
Vineland $316,426


Essex County
Livingston $1,959,869
Newark $300,500
West Caldwell $180,300


Gloucester County
Franklin Twp $461,721
Gloucester County $318,265


Hunterdon County
Hunterdon County $1,217,700


Mercer County
Princeton $2,199,190


Middlesex County
Carteret $584,519
Edison $152,486
Middlesex $324,828
South Brunswick $886,625


Monmouth County
Long Branch $384,963
Middletown Twp. $1,171,949
Monmouth $1,356,757
Twp of Ocean $628,850


Morris County
East Hanover $210,581
Florham Park $486,251
Kinnelon $609,900
Long Hill Twp $547,210
Montville Twp $87,346
Morristown/Morris Twp 497,628
Morris County $2,244,328
Mt Olive $998,861
Mountain Lakes $29,281
Parsippany-Troy Hills $1,009,679
Riverdale $205,091
Chathams $740,593
Chester Boro/Twp $478,696


Ocean County
Ocean County $3,372,946


Passiac County
Haledon $225,501
Hawthorne $192,019


Somerset County
Bridgewater $896,922
Franklin Twp. $1,072,009
Hillsborogh $445,792
Mary Jacobs $526,250
Warren Twp. $446,766


Sussex County
Sussex Co-Sus/Want Branch $447,144


Union County
Cranford $394,406
New Providence $237,263
Plainfield $178,118
Rahway $2,009,442
Union $72,661


Warren County
Phillipsburg $367,000

   
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