Authorizes NJ Infrastructure Bank to expend certain sums to make loans for transportation infrastructure projects for FY2025; makes appropriation.

The bill authorizes the New Jersey Infrastructure Bank to provide up to $53,883,706 in low-interest loans for 14 specific transportation infrastructure projects in Fiscal Year 2025. These projects include bridge replacements, road improvements, and pedestrian safety initiatives in cities and counties across New Jersey, such as Bayonne's E. 25th Street Pedestrian Bridge Replacement and Atlantic County's Rte. 629 Pedestrian & Traffic Signal Improvement Project. The loans will be provided to local government units (municipalities and counties) and can be repaid over up to 31 years, with interest rates tied to the bank's bond rates. The program expires on July 1, 2025, and is limited to the specific projects outlined in the legislation.