Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Type of Service: Rescind Resolution #7R6-e adopted on September 5, 2024 Purpose: To rescind the resolution authorizing execution of the CY 2024 Transitional Aid (TA) Loan Agreement Entity Name: State of New Jersey, Department of Community Affairs, Division of Local Government Services, Entity Address: 101 South Broad Street, 2nd Floor, P.O. Box 803, Trenton, New Jersey 08625-0803 Contract Amount: $22,000,000.00 Funding Source: Contract Period: Effective June 28, 2024 through September 30, 2029 Contract Basis: ( ) Bid ( ) State Vendor ( ) Prof. Ser. ( ) EUS ( ) Fair & Open ( ) No Reportable Contributions ( ) RFP ( ) RFQ ( ) Private Sale ( ) Grant ( ) Sub-recipient ( x ) n/a Additional Information: Original Resolution 7R6-e adopted on September 5, 2024. This Resolution rescinds the authorization to execute the CY 2024 Transitional Aid Loan Agreement. The rescission is necessary to permit an amendment to the CY 2024 Transitional Aid Loan Agreement. The amendment, which addresses the structural budget and reflects a new repayment timeline, is accomplished by companion Resolution # 25-1169.