Prioritizes investment of State administered pension funds in in-state infrastructure project investments over comparable out-of-state infrastructure project investments.

This bill requires New Jersey's pension fund managers to prioritize investing state pension funds in New Jersey infrastructure projects over comparable out-of-state projects. It defines "infrastructure" broadly to include utilities, transportation, energy, environmental systems, and other physical assets. The requirement applies only when such investments meet the standard of prudence under existing law, preserving the director's fiduciary duties. The bill directly affects how the state's pension funds are allocated for infrastructure investments, aiming to improve local infrastructure while maintaining financial responsibility.