Prioritizes investment of State administered pension funds in in-state infrastructure project investments over comparable out-of-state infrastructure project investments.

This bill requires New Jersey's pension fund managers to prioritize investing state pension funds in New Jersey infrastructure projects (like roads, utilities, or energy systems) over comparable projects in other states. It applies to all pension funds managed by the state's Division of Investment. The law mandates this preference only when the in-state project meets the same investment standards as out-of-state options, ensuring fiduciary duty is maintained. The goal is to direct pension investments toward improving New Jersey's infrastructure while seeking comparable financial returns.