Directs BPU to establish two-year innovative drinking water supply and wastewater infrastructure grant program.

This bill directs New Jersey's Board of Public Utilities (BPU) to create a two-year grant program using funds from the societal benefits charge. The program provides grants to individuals, businesses, non-profits, and educational institutions to develop innovative technologies for pilot projects at publicly-owned drinking water and wastewater systems. These projects must improve water quality, flow, purification, conservation, or infrastructure - especially those incorporating energy efficiency or renewable energy like in-pipe hydropower - and cannot cover routine infrastructure upgrades. The BPU must consult with relevant agencies, solicit proposals, evaluate applications, and report annually on funded projects, with potential recommendations for statewide adoption after the program ends.