Authorizes NJ Infrastructure Bank to expend certain sums to make loans for transportation infrastructure projects for FY2026; makes appropriation.

This bill, A5623, authorizes the New Jersey Infrastructure Bank to provide up to $53.45 million in low-interest loans for 17 specific transportation infrastructure projects across New Jersey municipalities in Fiscal Year 2026. The bill lists exact projects including bridge replacements, road improvements, and street redesigns in locations like Bayonne, Hoboken, Essex County, and Princeton. It includes a principal-forgiveness provision allowing up to $100,000 of a loan (per borrower) to be forgiven for planning and design costs on projects that complete construction with at least $250,000 in financing. The bill specifies how the bank can use loan repayments, bond proceeds, and other funds to support the program's operations while maintaining clear eligibility requirements for participating local governments.