Approves FY2025 Financial Plan of NJ Infrastructure Bank.

SCR 110 is a legislative approval of the New Jersey Infrastructure Bank’s proposed Fiscal Year 2025 Financial Plan. The bill formally approves the bank’s plan to finance eligible environmental projects, including clean water systems, drinking water infrastructure, stormwater management, and pollution control initiatives. This approval is required by law (under statutes P.L.1985, c.334 and P.L.1997, c.224) after the bank submitted its plan by the May 15, 2024 deadline. The resolution does not create new policies or funding but authorizes the bank to implement its existing financing strategy for approved projects.