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NJ S3879
Bill
Status
1/30/2025
Primary Sponsor
Britnee Timberlake
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AI Summary
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Authorizes the New Jersey Infrastructure Bank to expend up to $2.47 billion plus uncommitted balances from prior years to finance environmental infrastructure projects through loans to local government units and public water utilities
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Approves 152 clean water projects totaling approximately $1.39 billion in trust loan amounts and 67 drinking water projects totaling approximately $443 million in trust loan amounts for State Fiscal Year 2025
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Adds supplemental loans for four specific projects: Rutgers University and Somerville Borough for clean water projects, and East Orange City and National Park Borough for drinking water projects
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Authorizes up to $15.3 million in loans for four Pinelands Infrastructure Trust Fund projects in Pemberton, Manchester/Jackson, Galloway, and Winslow townships
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Reappropriates up to $1.5 billion to the Interim Environmental Financing Program Fund for short-term or temporary loans to project sponsors on the priority list
Legislative Description
Amends lists of projects eligible to receive loans for environmental infrastructure projects from NJ Infrastructure Bank for FY2025.
Bills and Joint Resolutions Signed by the Governor
Last Action
Approved P.L.2025, c.8.
1/30/2025