A 5122 New Jersey General Assembly · 2024-2025 Regular Session

Amends lists of environmental infrastructure projects approved for long-term funding by DEP under FY2025 environmental infrastructure funding program.

This bill amends the lists of environmental infrastructure projects approved for long-term funding under New Jersey's FY2025 environmental infrastructure funding program. It creates two specific eligibility lists: one for clean water projects (including 152 projects totaling $1.4 billion) and one for drinking water projects (including 67 projects totaling $536 million), detailing each project sponsor, project number, and estimated loan amounts. The bill authorizes the Department of Environmental Protection to make zero-interest and principal-forgiveness loans for these projects, with varying levels of principal forgiveness based on project type, community size, and affordability criteria. The loans are intended to finance infrastructure improvements for water quality and drinking water systems across the state, with specific repayment terms and priority rankings established for different project categories.
Bill status in committee 1 of 4 stages cleared
Introduction
Dec 2024
Committee Review
Floor Vote
Governor
Introduced Dec 9, 2024 Last action Dec 19, 2024
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Full legislative history

Actions timeline

Total actions
4
Key actions
1
Committee
2
Dec 16, 2024
Lower · Passed
Reported out of Assembly Committee, 2nd Reading
lower
Dec 12, 2024
Committee
Reported out of Assembly Committee with Amendments and Referred to Assembly Appropriations Committee
lower
Dec 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Environment, Natural Resources, and Solid Waste Committee
lower
3 primary · 5 co-sponsors

Sponsors