Bill > S4731

This bill provides that the Palisades Interstate Park Commission (a regional park authority that manages parklands along the Hudson River in New Jersey and New York) is now eligible to receive funding from the New Jersey Infrastructure Bank (I-Bank) for specific types of infrastructure projects. These projects include hazard mitigation and resilience efforts, transportation infrastructure, wastewater treatment systems, and water supply projects. The bill effectively classifies the Palisades Interstate Park Commission as a "local government unit" for funding purposes, which means the commission can submit funding requests to the I-Bank or the Department of Environmental Protection and have those requests reviewed in the same manner as requests from other local government entities. Additionally, the bill stipulates that if a legislative appropriations bill includes funding for a project sponsored by the commission, that appropriation will be considered legislative authorization for the project. This change expands the commission's ability to access state infrastructure funding and potentially improve its facilities and infrastructure.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2024/S4731