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Bill > A5976
NJ A5976
NJ A5976Amends lists of projects eligible to receive loans for environmental infrastructure projects from NJ Infrastructure Bank for FY2026.
summary
Introduced
12/04/2025
12/04/2025
In Committee
12/18/2025
12/18/2025
Crossed Over
Passed
Dead
01/12/2026
01/12/2026
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill would make changes to the authorization given to the New Jersey Infrastructure Bank (NJIB) to make loans for environmental infrastructure projects for State fiscal year 2026. In August 2025, P.L.2025, c.125 was enacted into law, which authorized the NJIB to expend up to $2.4 billion, and any unexpended balances from previous authorizations, to provide low-interest and market-rate loans to project sponsors (primarily local governments, public authorities and public water utilities) for a portion of the total costs of 220 eligible environmental infrastructure projects for fiscal year 2026. This bill would amend the lists of environmental infrastructure projects for which the NJIB is authorized to make loans pursuant to P.L.2025, c.125 to include new projects, remove projects, modify the priority of certain projects, and modify the trust loan amounts for certain projects. The bill would authorize the NJIB to expend up to $2.69 billion, and any unexpended balances from previous authorizations, to provide loans to project sponsors for a total of 225 eligible environmental infrastructure projects for fiscal year 2026. This would include 142 projects on the "Storm Sandy and State Fiscal Year 2026 Clean Water Project Eligibility List" and 76 projects on the "Storm Sandy and State Fiscal Year 2026 Drinking Water Project Eligibility List."
AI Summary
This bill amends the authorization for the New Jersey Infrastructure Bank (NJIB) to provide loans for environmental infrastructure projects in fiscal year 2026. The bill increases the total authorized expenditure from $2.4 billion to $2.69 billion, allowing the NJIB to provide loans for a total of 225 environmental infrastructure projects (142 clean water projects and 76 drinking water projects). The bill modifies the existing lists of eligible projects by adding new projects, removing some existing projects, and adjusting loan amounts for various municipalities and utilities across New Jersey. Key changes include adding projects for municipalities like Camden City, Wildwood City, and North Bergen, while removing or reducing funding for some previously listed projects. The bill maintains the existing requirements for loan terms, including repayment periods of up to 30-35 years, interest rates, and compliance with environmental regulations. The authorization for making these loans will expire on July 1, 2026, and project sponsors must execute loan agreements by that date to remain eligible for funding.
Committee Categories
Agriculture and Natural Resources, Budget and Finance
Sponsors (2)
Last Action
Substituted by S4797 (on 12/22/2025)
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/A5976 |
| Analysis - Statement AAP 12/18/25 | https://pub.njleg.gov/Bills/2024/A6000/5976_S2.PDF |
| Analysis - Statement AEN 12/4/25 | https://pub.njleg.gov/Bills/2024/A6000/5976_S1.PDF |
| BillText | https://pub.njleg.gov/Bills/2024/A6000/5976_I1.HTM |
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