Authorizes NJ Infrastructure Bank to expend certain sums to make loans for environmental infrastructure projects for FY2025.

This bill authorizes the New Jersey Infrastructure Bank to provide up to $2.73 billion in loans to local governments and public water utilities for environmental infrastructure projects during fiscal year 2025. It specifically funds 156 clean water projects (totaling $1.9 billion) and 72 drinking water projects (totaling $715 million) through designated eligibility lists. Loans can cover a portion of construction costs with repayment terms up to 30 years, and interest rates tied to the bank's bond rates. The bill also authorizes an additional $1.5 billion for short-term loans through the Interim Environmental Financing Program for priority projects.