NJ S4377

Authorizes the New Jersey Infrastructure Bank to expend $53,450,000 to make loans to local governments for 17 transportation infrastructure projects in fiscal year 2026, including bridge repairs, road improvements, and street redesign projects across multiple municipalities

Provides up to $1,000,000 in principal-forgiveness financing for planning and design costs, with $100,000 forgiven per borrower when the project receives at least $250,000 in construction financing from the program

Establishes loan terms requiring repayment within 31 years (or longer for federal TIFIA-funded projects), with interest rates at or below the bank's bond rates, and sets an expiration date of July 1, 2026 for project eligibility

Appropriates funds from the General Fund for the Disaster Relief Emergency Financing Program to provide short-term loans for transportation disaster relief projects, subject to Commissioner of Transportation approval

Authorizes the bank to use various revenue sources including bond proceeds, investment returns, loan repayments, and fees to cover operating expenses without adopting additional administrative rules for the disaster relief program