Authorizes NJ Infrastructure Bank to expend certain sums to make loans for Community Hazard Assistance Mitigation Program projects for FY 2025.

This bill authorizes the New Jersey Infrastructure Bank to provide up to $7,198,045 in low-interest loans for six specific hazard mitigation and resilience projects across six local governments (including Jersey City, Hoboken, and Bergen County). The loans, part of the Community Hazard Assistance Mitigation Program (CHAMP), will finance projects like flood mitigation at pump stations and park resilience improvements to reduce climate-related risks. The bank may use interest from repayments and loan origination fees to fund these projects and cover operational costs, with all loans requiring repayment within 30 years. The authorization is specific to fiscal year 2025 and expires on July 1, 2025.