Authorizes NJ Infrastructure Bank to expend certain sums to make loans for environmental infrastructure projects for FY2025.

This bill authorizes the New Jersey Infrastructure Bank to provide up to $2.73 billion in loans to local governments and public water utilities for environmental infrastructure projects during fiscal year 2025. It specifies funding for 156 clean water projects totaling $1.9 billion and 72 drinking water projects totaling $714.9 million, with additional supplemental loans for previously funded projects. Loan terms require repayment within 30-45 years at interest rates tied to the bank's bond rates, with specific mechanisms to adjust loan amounts based on actual project costs. The funding supports water treatment, wastewater systems, and drinking water infrastructure improvements across New Jersey.