Appropriates $28,670,924 in 2003 and 1992 bond act monies for loans for dam restoration and repair projects and inland waters projects.*

This bill allocates $28.67 million in unused funds from New Jersey's 2003 and 1992 bond acts to provide low-interest loans for dam restoration and inland waters projects. The funds specifically support 13 projects under the 2003 bond act (e.g., $3 million for Mountain Creek Lake Dam repairs) and 4 projects under the 1992 bond act (e.g., $2.85 million for Lake Garrison Dam). These loans are available to private dam owners, lake associations, or local governments for repairing aging infrastructure and maintaining water systems. The funding comes from existing bond program savings, cancellations, and loan repayments - no new taxes or spending are required. The bill directs the Department of Environmental Protection to disburse these funds for the listed projects only.