NJ S419

Bill

Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.

Introduced
01/11/2022

In Committee
06/30/2023

Crossed Over
06/30/2023

Passed

Dead
01/08/2024

Introduced Session

2022-2023 Regular Session

Bill Summary

AI Summary

This bill establishes the Renewable and Efficient Energy Financing Program within the New Jersey Infrastructure Bank. The program will provide loans and other financial assistance to state entities, local units, and school districts to finance cost-effective energy efficiency improvements in their buildings or properties. The Board of Public Utilities (BPU) is authorized to annually transfer up to $20 million from the societal benefits charge revenues to the New Jersey Infrastructure Bank for the purposes of this program.

Committee Categories

Agriculture and Natural Resources, Budget and Finance

Sponsors (4)

Linda Greenstein (D)*, Bob Smith (D)*, Patrick Diegnan (D), Troy Singleton (D),

Last Action

Received in the Assembly, Referred to Assembly Environment and Solid Waste Committee (on 06/30/2023)

Official Document

https://www.njleg.state.nj.us/bill-search/2022/S419

(3 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.njleg.state.nj.us/bill-search/2022/S419
Analysis - Statement SBA 6/27/23 1R	https://pub.njleg.gov/Bills/2022/S0500/419_S2.PDF
Fiscal Estimate 2/28/2022; 1R	https://www.njleg.state.nj.us/Bills/2022/S0500/419_E1.PDF
BillText	https://www.njleg.state.nj.us/Bills/2022/S0500/419_R1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S0500/419_R1.PDF
Statement SEN 2/10/22	https://www.njleg.state.nj.us/Bills/2022/S0500/419_S1.PDF
BillText	https://www.njleg.state.nj.us/Bills/2022/S0500/419_I1.HTM
Bill	https://www.njleg.state.nj.us/Bills/2022/S0500/419_I1.PDF

Bill	Bill Name	Last Action	Type
A1976	Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.	Received in the Senate, Referred to Senate Budget and Appropriations Committee	Carry Over
A4131	Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.	Introduced, Referred to Assembly Environment and Solid Waste Committee	Same As
S337	Establishes Renewable and Efficient Energy Financing Program; authorizes BPU to transfer up to $20 million annually in societal benefits charge revenues to New Jersey Infrastructure Bank for purposes of program.	Referred to Senate Budget and Appropriations Committee	Carry Over

Bill > S419

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (4)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary