Authorizes NJ Infrastructure Bank to expend certain sums to make loans for Community Hazard Assistance Mitigation Program projects for FY2027.

This bill authorizes the New Jersey Infrastructure Bank to lend $13.093 million to local governments for specific hazard mitigation and resilience projects in fiscal year 2027. The funds are designated for four approved initiatives in Jersey City, Brigantine, Highlands, and Manasquan, which include park resilience, living shorelines, flood mitigation, and coastal protection. To receive these loans, project sponsors must certify that their plans comply with existing emergency management laws and regulations, and the loans must be repaid within 30 years of completion. Additionally, the bill allows the bank to grow its lending capacity by using interest earned on loans and other program fees.