Makes $100 million in federal funds available to DEP for grants to local governments for drinking water, wastewater, and stormwater infrastructure projects.

This bill allocates $100 million in existing federal funds (from the American Rescue Plan Act of 2021) to New Jersey's Department of Environmental Protection (DEP) for grants to local governments. It creates a program to fund drinking water, wastewater, and stormwater infrastructure projects, requiring the DEP to establish transparent grant criteria and publish them online within six months. At least 10% of the funds must support projects targeting harmful algal blooms in Lake Hopatcong and Greenwood Lake, while up to 3% covers program administration. The DEP must report on all funded projects to the Governor and Legislature within three years, after which the program expires.