Establishes "Energy Infrastructure Public-Private Partnerships Program"; amends law concerning NJ infrastructure Bank; and authorizes certain energy contracts under "Public School Contracts Law" and "Local Public Contracts Law" up to 25 years.

# Summary of the "Energy Infrastructure Public-Private Partnership Act" This bill creates a comprehensive framework for public-private partnerships (P3s) focused on energy-related projects in New Jersey. Key provisions include: 1. **Establishment of Programs**: - Creates an Energy Infrastructure Public-Private Partnership Program (Energy P3 Program) to formulate, coordinate, and approve P3 agreements for energy projects - Establishes an Energy Infrastructure Financing Program within the New Jersey Infrastructure Bank (NJIB) to provide loans and financial assistance 2. **Eligible Entities**: - Defines "P3 eligible entities" to include the State, counties, municipalities, boards of education, colleges, universities, utility authorities, and certain hospitals 3. **Key Provisions**: - Requires annual reports on energy-related P3 projects to the Governor and Legislature - Creates an Energy Loan Origination Fee Fund similar to existing fee funds for environmental and transportation projects - Requires segregation of NJIB funds to prevent mixing of transportation, water/environmental infrastructure, and energy-related monies - Allows contracts for up to 25 years for sale of electricity or thermal energy produced by combined heat and power facilities, cogeneration facilities, or other energy systems constructed under P3 agreements - Exempts energy-related project components from property taxation and special assessments for the useful life of the project 4. **Amendments**: - Amends the "New Jersey Infrastructure Trust Act" to expand NJIB's mission to include energy-related projects - Adds the President of the Board of Public Utilities as an ex-officio member to the NJIB board - Amends Public School Contracts Law and Local Public Contracts Law to permit longer contract terms for energy-related projects 5. **Financial Planning**: - Requires NJIB to submit a financial plan to the Legislature by May 15 each year - Allows the Legislature to reject the plan through a concurrent resolution by June 30, or the plan is deemed approved The bill aims to facilitate development of energy infrastructure through public-private partnerships while ensuring proper oversight, financial accountability, and tax exemptions for qualifying projects.