Bill > ACR139

This concurrent resolution approves the Fiscal Year 2025 Financial Plan of the New Jersey Infrastructure Bank (NJ Infrastructure Bank), a state financing authority established to provide loans and debt guarantees for environmental infrastructure projects. The resolution specifically validates the financial plan that will be submitted to the Legislature by May 15, 2024, which outlines funding for clean water, drinking water, stormwater management, and nonpoint source pollution projects. These projects are based on eligibility lists developed by the Commissioner of Environmental Protection and approved by the Legislature. The resolution is grounded in specific legal provisions from P.L.1985, c.334 and P.L.1997, c.224, which require the NJ Infrastructure Bank to submit a comprehensive financial plan for implementing project financing in the upcoming fiscal year. By approving this financial plan, the Legislature formally authorizes the bank to proceed with funding environmental infrastructure projects for the 2025 fiscal year.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2024/ACR139