AR138

New Jersey Assembly Resolution 138 urges Congress to establish a national infrastructure bank.

Assembly Resolution 138 urges Congress to pass H.R.5356, establishing a national infrastructure bank. The resolution cites the poor condition of New Jersey's infrastructure, including 22 percent of roads in poor or fair condition and six percent of bridges structurally deficient. It highlights the need for a dedicated funding mechanism to address infrastructure gaps and prepare for extreme weather events. The proposed national infrastructure bank would operate like a commercial bank, generating funds through interest on loan repayments by state and local governments.