Authorizes NJ Infrastructure Bank to make up to $13,093,000 in loans for hazard mitigation projects in FY2027.

The bill authorizes the New Jersey Infrastructure Bank to provide low-interest loans to local government units for four specific hazard mitigation and resilience projects. The total loan amount is capped at $13,093,000, sourced from the Community Hazard Assistance Mitigation Program Revolving Loan Fund. The projects include McGovern Park Resilience in Jersey City, Golf Course Drive Living Shoreline in Brigantine City, Highlands and Monmouth Hills Flood Mitigation and Green Infrastructure in Highlands Borough, and Save the Shore in Manasquan Borough.

Authorizes NJ Infrastructure Bank to make up to $13,093,000 in loans for hazard mitigation projects in FY2027.

The bill authorizes the New Jersey Infrastructure Bank to provide low-interest loans to local government units for four specific hazard mitigation and resilience projects. The total loan amount is capped at $13,093,000, sourced from the Community Hazard Assistance Mitigation Program Revolving Loan Fund. The projects include McGovern Park Resilience in Jersey City, Golf Course Drive Living Shoreline in Brigantine City, Highlands and Monmouth Hills Flood Mitigation and Green Infrastructure in Highlands Borough, and Save the Shore in Manasquan Borough.