"Lead-Free Drinking Water Bond Act of 2025," authorizes bonds for $400 million, and appropriates $5,000.

The "Lead-Free Drinking Water Bond Act of 2025" would authorize New Jersey to issue $400 million in state bonds to fund the replacement of lead pipes in homes, schools, and businesses. $200 million would be available as direct grants to homeowners and schools for replacing lead pipes inside buildings, while $200 million would form a revolving loan fund for water systems, schools, and businesses to replace lead pipes connecting buildings to water mains. The bill requires voter approval at a general election before the bonds can be issued. The loan fund would repay itself through borrower repayments, allowing the money to be reused for additional replacement projects.