Establishes "NJ Green Bank" in EDA; appropriates $50 million from societal benefits charge to initially fund program.

This bill creates a "New Jersey Green Bank" within the New Jersey Economic Development Authority (EDA) to provide financial assistance for environmentally beneficial energy projects. The bank would offer loans, loan guarantees, and other financing to New Jersey residents, local governments, nonprofits, and businesses for projects like renewable energy installations, energy efficiency upgrades, and electric vehicle infrastructure. It appropriates $50 million from the societal benefits charge (a surcharge on energy bills) to initially fund the program, with the EDA developing separate programs for residential, municipal, small business, and commercial projects. The EDA would set eligibility standards and limit financing to 80% of costs for renewable energy projects or up to 100% for other eligible projects.