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Bill

S 4220

Authorizes NJ Infrastructure Bank to expend certain sums to make loans for environmental infrastructure projects for FY2027.

2026-2027 Regular Session Introduced by Jon Bramnick and 13 co-sponsors

NJIB would be authorized to expend funds to provide loans for environmental infrastructure projects during FY2027.

Reported and Referred to Assembly Appropriations Committee
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Bill Summary · S 4220

Bill Summary: S 4220 (NJ, 2026)

Purpose and Intent

  • The bill authorizes the New Jersey Infrastructure Bank (NJIB) to expend specified funds in order to make loans for environmental infrastructure projects during Fiscal Year 2027 (FY2027).
  • Sponsored by Sen. Raj Mukherji (District 32), with Sen. Carmen Amato Jr. (District 9) and Sen. Nick Scutari (District 22) as sponsors; Scutari is additionally listed as a co-sponsor.

Key Provisions

  • Authorization to Expend Funds: The bill directs the NJIB to expend certain sums to provide loans. The text specifies that the authorization applies specifically to environmental infrastructure projects and is for FY2027.
  • Scope of Projects: The projects covered are environmental infrastructure projects. This typically includes infrastructure aimed at environmental protection or improvement, such as water quality, wastewater treatment, stormwater management, green infrastructure, and related resilience or sustainability initiatives. (The precise project types would be defined in the bill’s language or in relevant NJIB program guidelines.)
  • Fiscal Year Limitation: The authority to expend funds is limited to FY2027. The bill does not mention extensions or renewals beyond that fiscal year in the introduced text.

Who or What Would Be Affected

  • New Jersey Infrastructure Bank (NJIB): Gained explicit authorization to expend funds to issue or support loans for environmental infrastructure projects for FY2027.
  • Borrowers/Recipients: Municipalities, counties, authorities, or private partners that seek loans for environmental infrastructure projects would potentially benefit from the NJIB loan programs supported by this authorization.
  • Environmental Infrastructure Projects Sector: Projects targeting environmental improvement, resilience, water quality, and related infrastructure may access NJIB financing under the bill’s authorization.

Procedural and Timeline Aspects

  • Introduction and Referral: Introduced in the New Jersey Senate and referred to the Senate Environment and Energy Committee.
  • Action History:
    • May 11, 2026: Introduced and referred to the Senate Environment and Energy Committee.
    • May 18, 2026: Reported from the Senate Committee, 2nd Reading (indicative of advancement toward floor consideration).
  • Current Version: As introduced.

Potential Impacts and Considerations

  • Financing Availability: The bill could broaden the NJIB’s ability to provide low-interest or otherwise favorable loan terms for environmental infrastructure projects in FY2027, potentially accelerating project pipelines.
  • Fiscal Implications: The law would authorize expenditure of “certain sums” for loans. The exact dollar amounts are not specified in the provided text; the bill would define the appropriation level or authorization in its full language or via accompanying fiscal notes.
  • Project Prioritization: Depending on NJIB program rules, the authorization may influence priority-setting for environmental projects, including considerations of impact, cost-effectiveness, and readiness.
  • Accountability and Oversight: As with NJIB loan programs, recipients would likely be subject to standard project oversight, reporting requirements, loan repayment terms, security, and use restrictions.

Plain-Language Takeaway

S 4220 would empower New Jersey’s Infrastructure Bank to commit funds to loan environmental infrastructure projects for FY2027. It targets initiatives that improve environmental outcomes and resilience, enabling the bank to support financing for municipalities and other borrowers pursuing such projects during the 2027 fiscal year. The bill has progressed from introduction to committee reporting, signaling potential movement toward floor consideration.

Compiled from official sources — confirm details with the bill’s official record.

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