Volkswagen Settlement Allocation

The New Jersey Department of Environmental Protection (NJDEP) must approve the allocation of any funds the State receives from the Volkswagen Environmental Mitigation Trust. Any funds received from the Trust are deposited in a non-lapsing Volkswagen Environmental Mitigation Fund. NJDEP and the Director of the Division of Budget and Accounting will ensure that the funds are distributed in alignment with the purpose of the Volkswagen Mitigation Trust Agreement. NJDEP will approve criteria for grants awarded on a competitive basis. (Reference Senate Bill 2019, 2018)