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Bill > A4425
NJ A4425
NJ A4425Authorizes NJ Infrastructure Bank to expend certain sums to make loans for environmental infrastructure projects for FY2025.
summary
Introduced
06/13/2024
06/13/2024
In Committee
06/26/2024
06/26/2024
Crossed Over
06/28/2024
06/28/2024
Passed
06/28/2024
06/28/2024
Dead
Signed/Enacted/Adopted
07/10/2024
07/10/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
An Act authorizing the expenditure of funds by the New Jersey Infrastructure Bank for the purpose of making loans to eligible project sponsors to finance a portion of the cost of construction of environmental infrastructure projects, and making an appropriation.
AI Summary
This bill authorizes the New Jersey Infrastructure Bank to expend up to $2.73 billion, as well as any uncommitted balances from prior years, to make loans to local government units and public water utilities for environmental infrastructure projects in fiscal year 2025. The bill specifies the individual project sponsors and loan amounts for various clean water and drinking water projects, and allows the trust to adjust the loan amounts as needed. The bill also appropriates funds for the trust's Interim Environmental Financing Program and Disaster Relief Emergency Financing Program, and permits the trust to use its operating funds for its annual expenses.
Committee Categories
Agriculture and Natural Resources
Sponsors (13)
Reginald Atkins (D)*,
Vin Gopal (D)*,
Raj Mukherji (D)*,
Jessica Ramirez (D)*,
Bill Spearman (D)*,
Rosaura Bagolie (D),
Garnet Hall (D),
Pam Lampitt (D),
Angela Mcknight (D),
Cody Miller (D),
Carol Murphy (D),
Ellen Park (D),
Shanique Speight (D),
Last Action
Approved P.L.2024, c.41. (on 07/10/2024)
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/2024/A4425 |
| BillText | https://pub.njleg.gov/Bills/2024/PL24/41_.HTM |
| BillText | https://pub.njleg.gov/Bills/2024/AL24/41_.HTM |
| Analysis - Statement ABU 6/26/24 | https://pub.njleg.gov/Bills/2024/A4500/4425_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A4500/4425_I1.HTM |
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