NJ S3367

Authorizes the New Jersey Infrastructure Bank to expend up to $53,883,706 in fiscal year 2025 to provide low-interest loans to local governments for 14 eligible transportation infrastructure projects, including bridge replacements, road resurfacing, and pedestrian improvements across multiple counties

Eligible projects include the E. 25th Street Pedestrian Bridge Replacement in Bayonne ($2.9M total loan), priority bridge repairs in Essex County ($5.2M), Sinatra Drive Redesign in Hoboken ($6.4M), and road improvements in municipalities such as Princeton, Willingboro, and Robbinsville

Loans must be repaid within 31 years and cannot exceed allowable project costs, with interest rates at or below the rate paid by the bank on bonds issued to fund the loans

Permits the bank to use loan repayments, bond proceeds, investment revenues, and fees to fund the Transportation Infrastructure Financing Program and cover operating expenses

Authorizes funding for the Disaster Relief Emergency Financing Program to provide short-term loans for transportation projects, and the bill expires on July 1, 2025