Directs NJ Infrastructure Bank to establish financing program for electric school buses; allocates $20 million annually in societal benefits charge revenues to NJ Infrastructure Bank for purposes of program.

This bill establishes a $20 million annual financing program through New Jersey's Infrastructure Bank to help school districts replace diesel school buses with electric ones and install charging infrastructure. It directs the Infrastructure Bank to provide loans and financial assistance to school districts, prioritizing those in "overburdened communities" as defined by state law. School districts must complete energy assessments comparing costs and environmental benefits of electric buses before receiving funding. The program uses existing societal benefits charge revenues, federal funds, and loan repayments to sustain the initiative without requiring new state taxes.