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Bill > S2778


NJ S2778

NJ S2778
Provides that Palisades Interstate Park Commission is eligible to receive certain funding from New Jersey Infrastructure Bank.


summary

Introduced
01/13/2026
In Committee
01/13/2026
Crossed Over
Passed
Dead

Introduced Session

2026-2027 Regular Session

Bill Summary

This bill would provide that the Palisades Interstate Park Commission (commission) is eligible to receive certain forms of funding from the New Jersey Infrastructure Bank (I-Bank). Specifically, the bill would authorize the commission to apply for funding from the I-Bank for a hazard mitigation and resilience project, transportation project, wastewater treatment system project, or water supply project undertaken by the commission. The bill would specify that the commission would be considered a local government unit for the purposes of eligibility for funding pursuant to the I-Bank's enabling statutes, and applications for funding from the commission would be received and reviewed in the same manner as other applications from local government units.

AI Summary

This bill would make the Palisades Interstate Park Commission eligible to receive certain funding from the New Jersey Infrastructure Bank (I-Bank), a state entity that provides financing for infrastructure projects. Specifically, the bill amends existing laws to classify the Palisades Interstate Park Commission as a "local government unit" for the purposes of applying for funding from the I-Bank. This eligibility would allow the commission to seek financial assistance for projects related to hazard mitigation and resilience (protecting against natural disasters), transportation, wastewater treatment systems, and water supply. Applications submitted by the commission would be reviewed in the same way as those from other local government entities.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Introduced in the Senate, Referred to Senate Environment and Energy Committee (on 01/13/2026)

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