Establishes NJ Non-Profit Loan Guarantee Pilot Program within EDA.

This bill establishes the New Jersey Non-Profit Loan Guarantee Pilot Program through the Economic Development Authority (EDA), providing loan guarantees to eligible non-profit organizations for constructing new facilities. To qualify, non-profits must be IRS 501(c)(3) tax-exempt organizations with 10+ years of operation, prior state financial assistance, and must demonstrate plans to create 10+ full-time jobs and generate sufficient revenue (e.g., through ticket sales or donations) to repay loans. The EDA will use a dedicated fund - financed by the Economic Recovery Fund, loan repayments, and other EDA funds - to guarantee loans up to $15 million per organization for up to 20 years, with participating banks providing the actual financing. The EDA must report annually on program demand, effectiveness, and recommendations for improvement.