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

This bill authorizes the New Jersey Infrastructure Bank to provide up to $53.88 million in low-interest loans for transportation infrastructure projects during Fiscal Year 2025. The funds will support 14 specific projects across New Jersey, including bridge replacements, road improvements, and pedestrian infrastructure in municipalities like Bayonne, Essex County, Hoboken, and others. Local government units (counties and municipalities) that meet eligibility requirements can apply for these loans, which must be repaid within 31 years. The bill also establishes procedures for the bank to cover costs like loan origination fees and interest through the loan repayment process.