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  • NJ A4326
  • Authorizes New Jersey Environmental Infrastructure Trust to expend additional sums to make loans for environmental infrastructure projects for FY2017.
Introduced
(11/14/2016)
In Committee
(12/15/2016)
Crossed OverPassedSignedDead/Failed/Vetoed
2016-2017 Regular Session
This bill would authorize the New Jersey Environmental Infrastructure Trust (NJEIT) to expend additional sums to make loans for environmental infrastructure projects for Fiscal Year 2017. In August 2016, P.L.2016, c.31 was enacted into law, which authorized the NJEIT to expend up to $411.35 million, and any unexpended balances from previous authorizations, to provide low-interest and market-rate loans to project sponsors (primarily local governments, public authorities, or public water utilities) for a portion of the total costs of 80 eligible environmental infrastructure projects for Fiscal Year 2017. This included 44 projects on the "Storm Sandy and State Fiscal Year 2017 Clean Water Project Eligibility List" and 36 projects on the "Storm Sandy and State Fiscal Year 2017 Drinking Water Project Eligibility List." The NJEIT was also authorized under P.L.2016, c.31 to provide supplemental loans to six clean water projects and two drinking water projects that received loans in the past and which require supplemental loans in order to meet actual costs. This bill would amend the lists of environmental infrastructure projects for which the NJEIT is authorized to make loans in P.L.2016, c.31 to include new projects and revise allowable loan amounts for already approved projects. Thus, under the bill, the NJEIT would be authorized to expend up to $641.576 million, and any unexpended balances from previous authorizations, to provide loans to project sponsors for a total of 108 eligible environmental infrastructure projects for Fiscal Year 2017. This would include 64 projects on the "Storm Sandy and State Fiscal Year 2017 Clean Water Project Eligibility List" and 44 projects on the "Storm Sandy and State Fiscal Year 2017 Drinking Water Project Eligibility List." The NJEIT would also be authorized to make supplemental loans to eight clean water projects and two drinking water projects.
2nd Reading in the Assembly, Substituted by another Bill
Substituted by S2731  (on 12/19/2016)
 
 

Date Chamber Action Description
12/19/2016 A Substituted by S2731
12/15/2016 A Reported out of Assembly Committee, 2nd Reading
12/15/2016 Assembly Appropriations Hearing (13:00 12/15/2016 Committee Room 11, 4th Floor)
11/14/2016 A Reported and Referred to Assembly Appropriations Committee
11/14/2016 A Introduced, Referred to Assembly Environment and Solid Waste Committee
Date Motion Yea Nay Other
Detail 12/15/2016 Assembly Appropriations Committee: Reported Favorably 9 0 2
Detail 11/14/2016 Assembly Environment and Solid Waste Committee: Reported Favorably 5 0 0