Makes $1.3 billion in federal funds available to DEP for use in New Jersey Environmental Infrastructure Financing Program for lead service line replacement projects.

This bill allocates $1.3 billion in federal pandemic recovery funds (from the American Rescue Plan Act or similar sources) to New Jersey's Department of Environmental Protection (DEP) for lead service line replacement projects. It directly affects water suppliers across the state, requiring them to provide matching funds for replacements - except small suppliers (serving ≤3,300 connections), who may defer matching funds with department approval. The DEP and New Jersey Infrastructure Bank will administer the program, using the funds to support low-interest loans and financial assistance for replacing lead pipes connecting water mains to buildings. The program aligns with existing state infrastructure financing rules and aims to address lead contamination in drinking water systems.