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 creates a program through New Jersey's Infrastructure Bank to help school districts replace diesel school buses with electric ones. It allocates $20 million annually from state "societal benefits charge" revenues to fund loans and financial assistance for purchasing electric buses and charging infrastructure. School districts must complete energy assessments comparing costs and environmental benefits of electric vs. diesel buses, with priority given to districts in communities disproportionately affected by pollution. The program requires school districts to repay loans using operational savings from electric buses, and the Infrastructure Bank must submit an annual project priority list to the legislature.