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 for loans from the New Jersey Infrastructure Bank for Fiscal Year 2025. It adds new projects, removes some existing ones, and adjusts the priority and estimated loan amounts for various transportation projects across New Jersey municipalities, including bridge replacements, road improvements, and pedestrian trail projects. The bill increases the total funding authorization for these projects from $53,883,706 to $61,400,000. Local government units seeking loans for transportation infrastructure construction will be affected by these changes to the eligibility list and funding amounts. The New Jersey Infrastructure Bank will now have updated parameters for issuing loans under the Transportation Infrastructure Financing Program.
Bill status
in committee
1 of 4 stages cleared
Introduction
Oct 2024
Committee Review
Floor Vote
Governor
Introduced Oct 24, 2024
Last action Dec 19, 2024
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
3
Key actions
1
Committee
1
Dec 5, 2024
Upper · Passed
Reported out of Senate Committee, 2nd Reading
upper
Oct 24, 2024
Introduced
Introduced in the Senate, Referred to Senate Transportation Committee
upper
2 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
P
Patrick Diegnan
DDemocratic
P
Raj Mukherji
DDemocratic
Co
Linda Greenstein
DDemocratic
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