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Bill > S3384


NJ S3384

NJ S3384
Appropriates funds to DEP for environmental infrastructure projects for FY2025.


summary

Introduced
06/17/2024
In Committee
06/26/2024
Crossed Over
06/28/2024
Passed
06/28/2024
Dead
Signed/Enacted/Adopted
07/10/2024

Introduced Session

2024-2025 Regular Session

Bill Summary

An Act appropriating moneys to the Department of Environmental Protection for the purpose of making zero-interest loans or principal-forgiveness loans to project sponsors to finance a portion of the costs of environmental infrastructure projects.

AI Summary

This bill appropriates funds to the Department of Environmental Protection (DEP) for the purpose of making zero-interest loans or principal-forgiveness loans to project sponsors to finance a portion of the costs of environmental infrastructure projects for fiscal year 2025. The bill authorizes the DEP to make loans for clean water and drinking water projects, including those addressing combined sewer overflows, water quality restoration, affordability, water/energy efficiency, and emerging contaminants. The bill also allows for the transfer of funds between various state revolving fund accounts to meet project needs and provides for technical assistance to disadvantaged communities.

Committee Categories

Budget and Finance

Sponsors (12)

Last Action

Approved P.L.2024, c.35. (on 07/10/2024)

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