Modifies list of transportation infrastructure projects eligible to receive loans from NJ Infrastructure Bank for FY2025.
This bill modifies the list of transportation infrastructure projects eligible to receive loans from New Jersey's Infrastructure Bank for Fiscal Year 2025. It adjusts which projects qualify, changes their priority order, and modifies the allowable loan amounts for specific projects. The bill authorizes the bank to expend up to $61.4 million (an increase from $53.8 million) for these projects, which include bridge repairs, road improvements, pedestrian bridges, and trail projects across various municipalities. Local government units, including cities, counties, and townships, would be directly affected as they apply for these loans to finance transportation infrastructure projects.
Bill status
signed
all 5 stages cleared
Introduction
Oct 2024
Committee Review
Dec 2024
General Assembly Passage
Dec 2024
Senate Passage
Dec 2024
Signed into Law
Jan 2025
Introduced Oct 21, 2024
Signed Jan 30, 2025
Floor votes · Senate Dec 19, 2024 · General Assembly Dec 19, 2024
How they voted
38–0
Passed · 2 other
Total votes 40
Dec 19, 2024
D
Democratic25
96% Yea
R
Republican15
93% Yea
Vote distribution
All Yea
All Nay
Mixed
No data
Full legislative history
Actions timeline
Total actions
8
Key actions
4
Committee
2
Jan 30, 2025
Signed into law
Approved P.L.2025, c.15.
executive
Dec 19, 2024
Upper · Passed
Passed Senate (Passed Both Houses) (38-0)
upper
Dec 19, 2024
Lower · Passed
Passed Assembly (72-0-1)
lower
Dec 16, 2024
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
Dec 12, 2024
Committee
Reported and Referred to Assembly Appropriations Committee
lower
Oct 21, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Transportation and Independent Authorities Committee
lower
4 primary · 6 co-sponsors
Sponsors
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