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  • NJ A3882
  • Changes submission and notice requirements for short-term and long-term financing for environmental infrastructure projects.
Introduced
(6/20/2016)
In Committee
(6/23/2016)
Crossed Over
(6/27/2016)
Passed
(6/27/2016)
Signed
(8/18/2016)
Dead/Failed/Vetoed
2016-2017 Regular Session
This bill would clarify and streamline the process for the approval of environmental infrastructure projects financed by the New Jersey Environmental Infrastructure Trust (trust). All short-term financing of environmental infrastructure projects would be funded through the Interim Financing Program or, in the case of projects necessary due to a disaster as declared by the Governor, through the Disaster Relief Emergency Financing Program. Thus, the bill would repeal existing law establishing the Emergency Financing Program, the Planning and Design Financing Program, the Onsite Wastewater Disposal Financing Program, the Supplemental Financing Program, and the Equipment Loan Program. Projects that meet the ranking criteria and funding priorities under the trust's program would be set forth on the Interim Funding Program Project Priority List and submitted to the Legislature at least once and up to four times each fiscal year for short-term funding. The bill provides that no funds for short-term or temporary loans may be disbursed unless the Department of Environmental Protection determines, and certifies in writing, that the project activities satisfy the provisions of the "New Jersey Environmental Infrastructure Trust Act. Projects that meet the criteria for long-term funding by the trust that have commenced construction and demonstrated a high likelihood of construction completion on or before the end of the ensuing fiscal year would be included on the project eligibility list for approval. The bill also provides the trust with the authority to submit an additional project eligibility list to the Legislature for approval by October 15 of each year.
2nd Reading in the Assembly, Bills and Joint Resolutions Signed by the Governor, Budget, Passed Assembly, Passed both Houses
Approved P.L.2016, c.30.  (on 8/18/2016)
 
 
Date Chamber Action Description
8/18/2016 S Approved P.L.2016, c.30.
6/27/2016 S Passed Senate (Passed Both Houses) (39-0)
6/27/2016 S Substituted for S2287 (1R)
6/27/2016 S Received in the Senate without Reference, 2nd Reading
6/27/2016 A Passed by the Assembly (78-0-0)
6/23/2016 A Reported out of Assembly Comm. with Amendments, 2nd Reading
6/23/2016 Assembly Budget Hearing (10:00 6/23/2016 Committee Room 11, 4th Floor)
6/20/2016 A Introduced, Referred to Assembly Budget Committee
Date Motion Yea Nay Other
Detail 6/27/2016 Senate Floor: Substitute For S2287 (Voice Vote) 0 0 0
Detail 6/27/2016 Senate Floor: Third Reading - Final Passage 39 0 1
Detail 6/27/2016 Assembly Floor: Third Reading - Final Passage 78 0 2
Detail 6/23/2016 Assembly Budget Committee: Reported with Amendments 13 0 0