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Bill

A 760

Eliminates five percent down payment requirement for local bond ordinances involving hazard mitigation and resilience projects.

2026-2027 Regular Session Introduced by Alixon Collazos-Gill and 1 co-sponsor

Bill A 760 eliminated the 5% municipal down payment requirement for hazard mitigation and resilience bonds to accelerate climate adaptation infrastructure investment.

Withdrawn Because Approved P.L.2025, c.164.
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Bill Summary · A 760

Legislative bill overview

Bill A 760 would have eliminated the 5% down payment requirement that municipalities must meet before issuing bonds for hazard mitigation and resilience projects. This requirement typically applies to local bond ordinances and represents a financial threshold communities must clear before borrowing for disaster preparedness and climate adaptation infrastructure.

Why is this important

Hazard mitigation and resilience projects—such as flood barriers, drainage systems, and seismic reinforcement—often require substantial upfront capital that strains municipal budgets. Lowering financial barriers could accelerate community investments in infrastructure that reduces disaster damage, protects residents, and potentially reduces long-term recovery costs and insurance premiums.

Potential points of contention

  • Fiscal discipline concerns: Removing down payment requirements could enable municipalities to issue bonds without sufficient financial commitment or planning, potentially leading to excessive debt accumulation
  • Risk distribution: Lower barriers might allow less-prepared municipalities to borrow for projects they cannot adequately maintain, creating future operational challenges
  • Equity in implementation: Communities with stronger finances might still move quickly on projects while others delay, potentially widening resilience gaps between wealthy and disadvantaged areas despite the policy change

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

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