New Jersey Infrastructure Bank authorized to expend funds for loans to local governments and water companies for environmental infrastructure.

The bill authorizes the New Jersey Infrastructure Bank to expend up to $3.85 billion for loans to local governments and privately-owned water companies for water infrastructure projects in FY2027. It lists specific projects and their estimated loan amounts, including projects for clean water and drinking water systems. The loans are subject to certain conditions and requirements, including priority for certain projects and adjustments based on project costs and other factors. The bill also authorizes the transfer of funds between various state funds to support these projects.

New Jersey Infrastructure Bank authorized to expend funds for loans to local governments and water companies for environmental infrastructure.

The bill authorizes the New Jersey Infrastructure Bank to expend up to $3.85 billion for loans to local governments and privately-owned water companies for water infrastructure projects in FY2027. It lists specific projects and their estimated loan amounts, including projects for clean water and drinking water systems. The loans are subject to certain conditions and requirements, including priority for certain projects and adjustments based on project costs and other factors. The bill also authorizes the transfer of funds between various state funds to support these projects.