Bill > A6038

This bill provides that the Palisades Interstate Park Commission (a bi-state agency managing parks 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 projects. These projects include hazard mitigation and resilience efforts, transportation infrastructure, wastewater treatment systems, and water supply initiatives. The bill amends existing laws to explicitly define the Palisades Interstate Park Commission as a "local government unit" for funding purposes, which means the commission can now 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, it will be considered authorized under existing legal frameworks. This change effectively expands the commission's access to infrastructure funding and provides a clear legal pathway for financial support from the New Jersey Infrastructure Bank.

Agriculture and Natural Resources

https://www.njleg.state.nj.us/bill-search/2024/A6038