New Jersey Infrastructure Bank to provide loans for environmental infrastructure projects for FY2027.

The bill authorizes the New Jersey Infrastructure Bank to expend up to $3.85 billion to provide loans to local governments and privately-owned water companies for a portion of the costs of water infrastructure projects. The bill lists specific projects and their estimated loan amounts, totaling $2.6 billion for clean water projects and $906.4 million for drinking water projects. The bill also authorizes the bank to transfer moneys between various State funds to fund the program and provide the State match for federal funding.

New Jersey Infrastructure Bank to provide loans for environmental infrastructure projects for FY2027.

The bill authorizes the New Jersey Infrastructure Bank to expend up to $3.85 billion to provide loans to local governments and privately-owned water companies for a portion of the costs of water infrastructure projects. The bill lists specific projects and their estimated loan amounts, totaling $2.6 billion for clean water projects and $906.4 million for drinking water projects. The bill also authorizes the bank to transfer moneys between various State funds to fund the program and provide the State match for federal funding.