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Bill > A2060


NJ A2060

NJ A2060
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 makes the Palisades Interstate Park Commission eligible to receive funding from the New Jersey Infrastructure Bank (I-Bank) for specific types of projects. The I-Bank is a state entity that provides financing for infrastructure projects. The bill amends existing laws to explicitly include the Palisades Interstate Park Commission as a "local government unit" for the purposes of applying for funding. This means the commission can now apply for financial assistance from the I-Bank for hazard mitigation and resilience projects (projects aimed at reducing damage from natural disasters), transportation projects, wastewater treatment system projects, and water supply projects. Applications submitted by the commission will be reviewed in the same way as applications from other local government units.

Committee Categories

Agriculture and Natural Resources

Sponsors (1)

Last Action

Introduced, Referred to Assembly Environment and Solid Waste Committee (on 01/13/2026)

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