NJ S4511

Authorizes the New Jersey Infrastructure Bank to expend $6,813,000 from the Community Hazard Assistance Mitigation Program (CHAMP) Revolving Loan Fund to make loans to local government units for hazard mitigation and resilience projects

Approves three specific projects for State Fiscal Year 2026: Jersey City's McGovern Park Resilience ($1,360,000 loan), Highlands Borough flood mitigation and green infrastructure ($4,413,000 loan), and Brick Township Municipal Utilities Authority reservoir improvements ($1,040,000 loan)

Loans must be repaid within 30 years of project completion and cannot exceed allowable project costs, excluding certain administrative expenses and fees

Permits the bank to increase lending capital through interest earned on loans, interest on deposits, loan origination fees, and other CHAMP fees

Eligibility lists and loan authorizations expire on July 1, 2026, requiring project sponsors to execute loan agreements with the bank before that date