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 FY2026. It directly affects local governments and public water utilities (referred to as "project sponsors") seeking funding for clean water and drinking water system improvements. The bill specifies 151 clean water projects totaling $1.7 billion and 59 drinking water projects totaling $651.7 million that qualify for these loans, with repayment terms up to 45 years. The loans cover a portion of construction costs, and the bank can adjust loan amounts based on actual project expenses. The bill also includes provisions for transferring funds between state trust funds to support these projects.
Bill status
signed
all 5 stages cleared
Introduction
May 2025
Committee Review
Jun 2025
Senate Passage
Jun 2025
General Assembly Passage
Jun 2025
Signed into Law
Aug 2025
Introduced May 19, 2025
Signed Aug 15, 2025
Floor votes · Senate Jun 30, 2025 · General Assembly Jun 30, 2025
How they voted
39–0
Passed · 1 other
Total votes 40
Jun 30, 2025
D
Democratic25
100% Yea
R
Republican15
93% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
10
Key actions
6
Committee
1
Amendments
1
Aug 15, 2025
Signed into law
Approved P.L.2025, c.125.
executive
Jun 30, 2025
Upper · Passed
Passed Senate (Passed Both Houses) (39-0)
upper
Jun 30, 2025
Lower · Passed
Passed Assembly (79-0-1)
lower
Jun 30, 2025
Lower · Passed
Assembly Floor Amendment Passed (Simmons)
lower
Jun 30, 2025
Upper · Passed
Passed Senate (39-0)
upper
Jun 9, 2025
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
May 19, 2025
Introduced
Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
upper
5 primary · 7 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Benjie Wimberly
DDemocratic
P
Cleopatra Tucker
DDemocratic
P
Heather Simmons
DDemocratic
P
Jim Kennedy
DDemocratic
P
Shirley Turner
DDemocratic
Co
Bob Singer
RRepublican
Co
Carmen Amato
RRepublican
Co
Carol Murphy
DDemocratic
Co
Jessica Ramirez
DDemocratic
Co
Parker Space
RRepublican
Co
Roy Freiman
DDemocratic
Co
Sterley Stanley
DDemocratic
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