NJ S3251

Adds a definition of "cross-investment" to allow the New Jersey Infrastructure Bank to invest funds from one financing program into bonds or obligations issued by another of its financing programs

Authorizes the trust to purchase bonds, notes, and other obligations in connection with cross-investments, regardless of other investment restrictions in the enabling act

Changes the bond issuance limit language from "aggregate principal amount" to "aggregate total outstanding principal amount" for the $5 billion caps on disaster relief financing and all other trust purposes

Extends maximum bond maturity periods to 30 years for environmental infrastructure projects, 45 years for combined sewer overflow projects, 31 years for transportation/aviation/marine projects, and 30 years for hazard mitigation projects

Maintains existing requirements for Joint Budget Oversight Committee approval of refunding bonds and reporting obligations for bond sales