Bill > A5170

This bill establishes the "Energy Infrastructure Public-Private Partnerships Program" and related financing program in the New Jersey Infrastructure Bank. It also authorizes certain energy contracts under the "Public School Contracts Law" and "Local Public Contracts Law" for up to 30 years. The key provisions include: - Establishing the Energy Public-Private Partnerships Program and related financing program in the New Jersey Infrastructure Bank, which will provide loans and other financial assistance to public-private partnerships for energy-related projects. - Allowing public-private partnership eligible entities to enter into agreements with private entities to develop energy-related projects, which can include various energy efficiency, conservation, generation, and storage technologies. - Exempting energy-related projects developed through these public-private partnerships from certain public bidding requirements. - Providing tax exemptions and other incentives to support the development of these energy-related projects. - Authorizing contracts for the sale of electricity or thermal energy produced by combined heat and power, cogeneration, or on-site generation facilities, as well as district energy systems and distributed electric generation resources, developed through these public-private partnerships to be up to 30 years in length.