A 5621 New Jersey General Assembly · 2024-2025 Regular Session

Authorizes NJ Infrastructure Bank to expend certain sums to make loans for environmental infrastructure projects for FY2026.

This bill authorizes the New Jersey Infrastructure Bank to provide up to $2.4 billion in loans for environmental infrastructure projects during fiscal year 2026. The loans would be available to local governments and public water utilities to fund projects that improve water quality, treatment systems, and drinking water infrastructure. The bill specifies eligibility for 151 clean water projects (totaling $1.28 billion in estimated loan amounts) and 59 drinking water projects (totaling $488.8 million in estimated loan amounts). Loan terms would require repayment within 30-45 years, with the bank authorized to adjust loan amounts based on actual project costs.
Bill status in committee 1 of 4 stages cleared
Introduction
Jun 2025
Committee Review
Floor Vote
Governor
Introduced Jun 19, 2025 Last action Jun 30, 2025
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Full legislative history

Actions timeline

Total actions
3
Key actions
1
Committee
1
Jun 19, 2025
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
Jun 19, 2025
Introduced
Introduced in the Assembly, Referred to Assembly Appropriations Committee
lower
3 primary · 4 co-sponsors

Sponsors