Bill > S3881

This bill amends lists of environmental infrastructure projects approved for long-term funding by the Department of Environmental Protection (DEP) under the Fiscal Year 2025 environmental infrastructure funding program. The bill provides detailed authorization for clean water and drinking water project loans to various municipalities, counties, and utilities across New Jersey. Key provisions include: authorizing zero-interest and principal-forgiveness loans for 219 total projects (152 clean water and 67 drinking water projects) with estimated total loan amounts ranging from $100,000 to $141 million; establishing priorities for loan funding based on project type, such as combined sewer overflow reduction, emerging contaminant treatment, and lead service line replacement; allowing the DEP Commissioner to adjust loan amounts based on final project costs; and setting loan repayment terms of up to 30-45 years depending on project type. The bill also includes provisions for using funds from various state and federal sources, including the Clean Water State Revolving Fund, the Infrastructure Investment and Jobs Act, and the American Rescue Plan Act, to provide financial assistance to communities for critical water infrastructure improvements.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2024/S3881