Senate panel to weigh resolution on loans for hurricane victims

TRENTON – Upper-chamber lawmakers are slated to take up some of the first legislative action in response to the devastation of Superstorm Sandy next week in the form of a Senate Resolution.

The Senate Community and Urban Affairs Committee is poised to vote on SR85, which would urge the state’s financial institutions to make financial assistance available to residents and local governments hurt by the storm.

According to the proposal, financial assistance would include short-term and low- or zero-interest loans.

The resolution is sponsored by Sens. Jeff Van Drew (D-1) and Sean Connors (D-33) and Senate President Steve Sweeney (D-3).

The proposal will be discussed in the committee pending referral and introduction. It would be the first formal legislative response to the disaster since Sandy slammed into the Jersey coast nearly two weeks ago.

Senate panel to weigh resolution on loans for hurricane victims