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Bill > S886
NJ S886
NJ S886Directs NJ Infrastructure Bank to establish financing program for electric school buses; allocates $20 million annually in societal benefits charge revenues to NJ Infrastructure Bank for purposes of program.
summary
Introduced
01/27/2022
01/27/2022
In Committee
05/15/2023
05/15/2023
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Directs NJ Infrastructure Bank to establish financing program for electric school buses; allocates $20 million annually in societal benefits charge revenues to NJ Infrastructure Bank for purposes of program.
AI Summary
This bill directs the New Jersey Infrastructure Bank to establish a financing program for electric school buses, and allocates $20 million annually from the societal benefits charge revenues to the bank for the purposes of this program. The bill defines key terms such as "electric school bus," "overburdened community," and "school district," and provides details on the establishment of a special fund to be used by the bank to provide loans and other financial assistance to school districts for the purchase of electric school buses and related charging infrastructure. The bill also outlines the application process, project prioritization, and reporting requirements for the program.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
Referred to Senate Budget and Appropriations Committee (on 05/15/2023)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/S886 |
| BillText | https://pub.njleg.gov/Bills/2022/S1000/886_R1.HTM |
| Analysis - Statement SEN 5/15/23 | https://pub.njleg.gov/Bills/2022/S1000/886_S1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/S1000/886_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/S1000/886_I1.PDF |
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