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GOVERNORS STATEMENT UPON SIGNINGASSEMBLY BILL No. 3138

(Third Reprint)

Assembly Bill No. 3138, which I have signed today, purports

to appropriate $1,047,000 from the Dam, Lake, Stream, FloodControl, Water Resources, and Wastewater Treatment Project Bond

Act of 2003 to finance a flood control project in Sayerville

Borough. I am advised, however, as were the sponsors prior to

passage of this bill, that all funds contained in the 2003 Bond

Act have already been appropriated by the Legislature for other

projects throughout the State. As this bill fails to de-

authorize any of that earlier spending, there are no funds left

in the 2003 Bond Act fund to pay for the new Sayerville project.

Nevertheless, I have decided to sign this legislation so as to

allow for Sayerville Borough to move forward with flood control

initiatives in the future should the Legislature pass a new billde-authorizing flood and water resource projects previously

funded in other communities across the State.

Date: January 17, 2012

/s/ Chris Christie

Governor

[seal]

Attest:

/s/ Kevin M. ODowd

Deputy Chief Counsel to the Governor