Makes $100 million in federal funds available to DEP for grants to local governments for drinking water, wastewater, and stormwater infrastructure projects.

New Jersey's Bill A 2463 allocates $100 million in federal American Rescue Plan Act funds to the Department of Environmental Protection (DEP) for grants to local governments. The DEP must create a transparent grant program to fund drinking water, wastewater, and stormwater infrastructure projects, with at least 10% reserved for projects targeting harmful algal blooms in Lake Hopatcong and Greenwood Lake. Grants must be distributed statewide, and the DEP must report all funded projects to the Governor and Legislature within three years, after which the program expires. This directly affects counties, municipalities, and regional entities needing water system upgrades.