New Jersey A1845 prioritizes principal forgiveness for environmental infrastructure loans to coastal municipalities.

New Jersey A1845 mandates that the Department of Environmental Protection (DEP) and the New Jersey Infrastructure Bank prioritize principal forgiveness for loans supporting environmental infrastructure projects in coastal areas. These loans, part of the State's Water Bank program, are intended to aid wastewater and drinking water projects across the state. The bill stipulates that priority for principal forgiveness is to be given to municipalities in coastal areas, as defined in state law, for loans issued in support of these projects. This act takes effect immediately upon enactment.

New Jersey A1845 prioritizes principal forgiveness for environmental infrastructure loans to coastal municipalities.

New Jersey A1845 mandates that the Department of Environmental Protection (DEP) and the New Jersey Infrastructure Bank prioritize principal forgiveness for loans supporting environmental infrastructure projects in coastal areas. These loans, part of the State's Water Bank program, are intended to aid wastewater and drinking water projects across the state. The bill stipulates that priority for principal forgiveness is to be given to municipalities in coastal areas, as defined in state law, for loans issued in support of these projects. This act takes effect immediately upon enactment.