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.
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- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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