Establishes "Energy Infrastructure Public-Private Partnerships Program"; amends law concerning NJ infrastructure Bank; and authorizes certain energy contracts under "Public School Contracts Law" and "Local Public Contracts Law" up to 25 years.

# Summary of the "Energy Infrastructure Public-Private Partnership Act" This New Jersey legislative bill creates an Energy Infrastructure Public-Private Partnership Program (Energy P3 Program) and an Energy Infrastructure Financing Program within the New Jersey Infrastructure Bank (NJIB). ## Key Provisions: 1. **Expanded NJIB Mission**: The bill amends the "New Jersey Infrastructure Trust Act" to expand the NJIB's mission from primarily water, environmental infrastructure, and transportation projects to include energy-related projects. 2. **P3 Eligible Entities**: Defines "P3 eligible entities" to include: - State, counties, municipalities, school boards - State colleges, universities, regional utility authorities - Private not-for-profit hospitals - Other public entities 3. **Energy Financing Program**: - Provides loans and financial assistance to P3 eligible entities and private entities through P3 agreements - Requires NJIB to submit annual financial plans to the Legislature by May 15 - Legislature can reject the financial plan by June 30 through concurrent resolution 4. **Funding Structure**: - Creates an Energy Loan Origination Fee Fund similar to existing fee funds - Requires strict segregation of funds to prevent mixing of transportation, water/environmental infrastructure, and energy-related monies 5. **Tax Exemptions**: - Components of energy-related projects owned by or leased to P3 eligible entities are exempt from property taxation and special assessments - Land for energy-related projects is exempt from property taxation for the project's useful life 6. **Contracting Changes**: - Amends Public School Contracts Law and Local Public Contracts Law to allow up to 25-year contracts for sale of electricity or thermal energy from facilities constructed under P3 agreements - Requires annual reports on energy-related P3 projects to be submitted to Governor and Legislature 7. **Governance**: - Adds President of the Board of Public Utilities as ex-officio member to NJIB board - Establishes competitive contracting procedures for P3 agreements The bill aims to encourage private investment in energy infrastructure through public-private partnerships, with the NJIB serving as the primary financing vehicle for these projects. It represents a significant expansion of the NJIB's traditional focus on water and transportation infrastructure to include energy infrastructure.