summary
Introduced
06/17/2024
06/17/2024
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
06/28/2024
06/28/2024
Introduced Session
2024-2025 Regular Session
Bill Summary
The passage of a concurrent resolution by each House is the means for the Legislature's approval of the Fiscal Year 2025 Financial Plan of the New Jersey Infrastructure Bank. The consolidated Financial Plan is required by law to be submitted to the Secretary of the Senate and the Clerk of the General Assembly on or before May 15, 2024 to implement financing of clean water and drinking water projects on the eligibility lists developed by the Department of Environmental Protection.
AI Summary
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 authorizes the bank's financial plan for funding clean water, drinking water, stormwater management, and nonpoint source pollution projects, which must be submitted to the Legislature by May 15, 2024. The financial plan details the proposed financing for project eligibility lists developed by the Commissioner of Environmental Protection and previously approved by the Legislature. By passing this resolution, the New Jersey Legislature is formally acknowledging and approving the bank's proposed financial strategy for infrastructure investments in the upcoming fiscal year, ensuring compliance with state laws that govern the NJ Infrastructure Bank's operational requirements.
Committee Categories
Budget and Finance
Sponsors (6)
Garnet Hall (D)*,
Dan Hutchison (D)*,
Gabriel Rodriguez (D)*,
Bob Smith (D)*,
Latham Tiver (R)*,
Carol Murphy (D),
Last Action
Filed with Secretary of State (on 06/28/2024)
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/SCR110 |
| Analysis - Statement SBA 6/26/24 | https://pub.njleg.gov/Bills/2024/SCR/110_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/SCR/110_I1.HTM |
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