New Jersey Infrastructure Bank authorized to expend funds to make 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, for the purpose of implementing the State fiscal year 2027 New Jersey Environmental Infrastructure Financing Program. The bill lists specific projects and estimated loan amounts for clean water and drinking water infrastructure projects.

New Jersey Infrastructure Bank authorized to expend funds to make 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, for the purpose of implementing the State fiscal year 2027 New Jersey Environmental Infrastructure Financing Program. The bill lists specific projects and estimated loan amounts for clean water and drinking water infrastructure projects.