Directs BPU to establish two-year innovative drinking water supply and wastewater infrastructure grant program.

This bill directs New Jersey's Board of Public Utilities (BPU) to create a two-year grant program using funds from the societal benefits charge. It provides grants to individuals, businesses, non-profits, and educational institutions to develop innovative technologies for pilot projects at publicly-owned drinking water and wastewater systems. These projects must implement new technology (not routine upgrades) to improve water quality, flow, purification, conservation, energy efficiency, or infrastructure - specifically prioritizing renewable energy solutions like in-pipe hydropower. The BPU must evaluate proposals, coordinate with systems, and report annually on funded projects and their statewide potential. The program expires 25 months after enactment.