STATE OF NEW JERSEY
222nd LEGISLATURE
PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION
Sponsored by:
Senator JOHN J. BURZICHELLI
District 3 (Cumberland, Gloucester and Salem)
SYNOPSIS
Amends lists of environmental infrastructure projects approved for long-term funding by DEP under FY2026 environmental infrastructure funding program.
CURRENT VERSION OF TEXT
Introduced Pending Technical Review by Legislative Counsel.
An Act concerning the financing of environmental infrastructure projects in Fiscal Year 2026 and amending P.L.2025, c.109.
Be It Enacted by the Senate and General Assembly of the State of New Jersey:
1. Section 1 of P.L.2025, c.109 is amended to read as follows:
1. a. (1) There is appropriated to the department from the “Clean Water State Revolving Fund,” established pursuant to section 1 of P.L.2009, c.77, an amount equal to the federal fiscal year 2025 capitalization grant made available to the State for clean water project loans and technical assistance pursuant to the “Water Quality Act of 1987,” 33 U.S.C. s.1251 et seq., and any amendatory and supplementary acts thereto (hereinafter referred to as the “Federal Clean Water Act”) and such sums as are made available to the department from the “Clean Water State Revolving Fund” from funds made available pursuant to the federal “Infrastructure Investment and Jobs Act,” Pub.L. 117-58, for clean water project loans and technical assistance.
(2) There is appropriated to the department from the “Interim Environmental Financing Program Fund,” established by the New Jersey Infrastructure Bank pursuant to subsection d. of section 9 of P.L.1985, c.334 (C.58:11B-9), such amounts as may be necessary to supplement the sums appropriated from the Clean Water State Revolving Fund for the purposes of clean water project loans and technical assistance and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(3) There is appropriated to the department from the “Disaster Relief Emergency Financing Program Fund,” established by the New Jersey Infrastructure Bank pursuant to section 1 of P.L.2013, c.93 (C.58:11B-9.5), such amounts as may be necessary to supplement the sums appropriated from the Clean Water State Revolving Fund for the purposes of clean water project loans and technical assistance and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(4) There is appropriated to the department from the “Drinking Water State Revolving Fund,” established pursuant to section 1 of P.L.1998, c.84, an amount equal to the federal fiscal year 2025 capitalization grant made available to the State for drinking water projects pursuant to the “Safe Drinking Water Act Amendments of 1996,” Pub.L. 104-182, and any amendatory and supplementary acts thereto (hereinafter referred to as the “Federal Safe Drinking Water Act”), and such sums as are made available to the department from the “Drinking Water State Revolving Fund” from funds made available pursuant to the federal “Infrastructure Investment and Jobs Act,” Pub.L. 117-58, for drinking water project loans and technical assistance.
The department is authorized to transfer from the Clean Water State Revolving Fund to the Drinking Water State Revolving Fund, pursuant to the “Water Infrastructure Funding Transfer Act,” Pub.L.116-63, additional amounts as may be necessary to address a threat to public health and an amount equal to the maximum amount authorized to be transferred is appropriated to the department for those purposes.
The department is authorized to transfer from the Clean Water State Revolving Fund to the Drinking Water State Revolving Fund an amount up to the maximum amount authorized to be transferred pursuant to the Federal Safe Drinking Water Act to meet present and future needs for the financing of eligible drinking water projects and an amount equal to that maximum amount is appropriated to the department for those purposes.
The department is authorized to transfer from the Drinking Water State Revolving Fund to the Clean Water State Revolving Fund an amount up to the maximum amount authorized to be transferred pursuant to the Federal Clean Water Act to meet present and future needs for the financing of eligible clean water projects and an amount equal to that maximum amount is appropriated to the department for those purposes.
Notwithstanding any provision of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to the contrary, the department is authorized to utilize funds from the Clean Water State Revolving Fund for the purposes of the Drinking Water State Revolving Fund and may charge interest on loans made with such invested funds to the extent permitted by the Federal Clean Water Act and the Federal Safe Drinking Water Act.
(5) There is appropriated to the department the unappropriated balances from the Clean Water State Revolving Fund, including the balances from the Federal Disaster Relief Appropriations Act, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and technical assistance and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(6) There is appropriated to the department the unappropriated balances from the “Wastewater Treatment Fund,” established pursuant to section 15 of the “Wastewater Treatment Bond Act of 1985,” P.L.1985, c.329, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(7) There is appropriated to the department the unappropriated balances from the “1992 Wastewater Treatment Fund,” established pursuant to section 27 of the “Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992,” P.L.1992, c.88, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(8) There is appropriated to the department the unappropriated balances from the “2003 Water Resources and Wastewater Treatment Fund,” established pursuant to subsection a. of section 19 of the “Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003,” P.L.2003, c.162, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(9) There is appropriated to the department the unappropriated balances from the “Pinelands Infrastructure Trust Fund,” established pursuant to section 14 of the “Pinelands Infrastructure Trust Bond Act of 1985,” P.L.1985, c.302, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act and for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(10) There is appropriated to the department the unappropriated balances from the “Stormwater Management and Combined Sewer Overflow Abatement Fund,” established pursuant to the “Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989,” P.L.1989, c.181, and any repayments of loans and interest therefrom, as may be available on or before June 30, 2026, for the purposes of clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(11) There is appropriated to the department the unappropriated balances from the Drinking Water State Revolving Fund and any repayments of loans and interest therefrom, including the balances from the Federal Disaster Relief Appropriations Act as may be available on or before June 30, 2026, for the purposes of drinking water project loans.
(12) There is appropriated to the department such sums as may be needed from loan repayments and interest earnings from the “Water Supply Fund,” established pursuant to section 14 of the “Water Supply Bond Act of 1981,” P.L.1981, c.261, for the “Drinking Water State Revolving Fund Match Accounts” contained within that fund, for the purpose of providing the State match as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(13) There is appropriated to the department from the “Interim Environmental Financing Program Fund,” established by the New Jersey Infrastructure Bank pursuant to subsection d. of section 9 of P.L.1985, c.334 (C.58:11B-9), such amounts as may be available on or before June 30, 2026, and any repayments of loans and interest therefrom, as may be necessary to supplement the sums appropriated from the Drinking Water State Revolving Fund for the purposes of drinking water project loans and technical assistance and providing the State match as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(14) There is appropriated to the department from the “Disaster Relief Emergency Financing Program Fund,” established by the New Jersey Infrastructure Bank pursuant to section 1 of P.L.2013, c.93 (C.58:11B-9.5), such amounts as may be necessary to supplement the sums appropriated from the Drinking Water State Revolving Fund for the purposes of drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(15) There is appropriated to the department such amounts as may be received by the Department of Community Affairs, as the grantee from the United States Department of Housing and Urban Development Community Development Block Grant – Disaster Recovery Program (CDBG-DR), as may be available on or before June 30, 2026, for the purposes of CDBG-DR eligible clean water and drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act and drinking water projects pursuant to the Federal Safe Drinking Water Act.
(16) There is appropriated to the department such sums as may be available on or before June 30, 2026, as repayments of drinking water project loans and any interest therefrom from the “Water Supply Fund,” established pursuant to section 14 of the “Water Supply Bond Act of 1981,” P.L.1981, c.261, for the purposes of drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(17) Of the sums appropriated to the department from the “Water Supply Fund” pursuant to P.L.1999, c.174, P.L.2001, c.222, P.L.2002, c.70, and P.L.2003, c.158, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be available on or before June 30, 2026, in such amounts as needed to the Drinking Water State Revolving Fund accounts contained within the Water Supply Fund established for the purposes of providing drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.
(18) Of the sums appropriated to the department from the “1992 Wastewater Treatment Fund” pursuant to P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174, P.L.2000, c.92, P.L.2001, c.222, and P.L.2002, c.70, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be available on or before June 30, 2026, in such amounts as needed to the Clean Water State Revolving Fund accounts contained within the 1992 Wastewater Treatment Fund for the purposes of providing clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(19) Of the sums appropriated to the department from the “2003 Water Resources and Wastewater Treatment Fund” pursuant to P.L.2004, c.109 and P.L.2007, c.139, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be available on or before June 30, 2026, in such amounts as needed to the Clean Water State Revolving Fund accounts contained within the 2003 Water Resources and Wastewater Treatment Fund for the purposes of providing clean water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.
(20) There is appropriated to the department the sums deposited by the New Jersey Infrastructure Bank into the Clean Water State Revolving Fund, the “Wastewater Treatment Fund,” the “1992 Wastewater Treatment Fund,” the “Water Supply Fund,” the “Stormwater Management and Combined Sewer Overflow Abatement Fund,” established pursuant to the “Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989,” P.L.1989, c.181, the “2003 Water Resources and Wastewater Treatment Fund,” and the Drinking Water State Revolving Fund, as appropriate, pursuant to paragraph (6) of subsection c. of section 1 of P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session), as may be available on or before June 30, 2026, for the purposes of providing clean water project loans and drinking water project loans and providing the State match as may be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act and for drinking water projects pursuant to the Federal Safe Drinking Water Act.
Any such amounts shall be for the purpose of making zero-interest and principal-forgiveness financing loans, to the extent sufficient funds are available, to or on behalf of local government units or public water utilities (hereinafter referred to as “project sponsors”) to finance a portion of the cost of the construction of clean water projects and drinking water projects listed in sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), and for the purpose of implementing and administering the provisions of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to the extent permitted by the Federal Disaster Relief Appropriations Act, the Federal Clean Water Act, the Federal Safe Drinking Water Act, P.L.2009, c.77, the “Wastewater Treatment Bond Act of 1985.” P.L.1985, c.329, the “Water Supply Bond Act of 1981,” P.L.1981, c.261, the “Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989,” P.L.1989, c.181, the “Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992,” P.L.1992, c.88, the “Dam, Lake, Stream, Flood Control, Water Resources, and the Wastewater Treatment Project Bond Act of 2003,” P.L.2003, c.162, and any amendatory and supplementary acts thereto.
(21) Of the $54.6 million appropriated to the department for the capital construction of drinking water infrastructure by the State fiscal year 2025 appropriations act, P.L.2024, c.22, plus any appropriated funds designated in State fiscal years 2021, 2022, 2023, and 2024, up to $25 million may be transferred to the New Jersey Infrastructure Bank to invest, provide debt service reserve or guarantee, or pay interest on behalf of a sponsor of a drinking water environmental infrastructure project.
(22) Of the funds appropriated or reappropriated to the department for the capital construction of drinking water and clean water infrastructure by the State fiscal year 2026 appropriations act, P.L.2025, c.74, the department is authorized to transfer up to $5 million to the trust for technical assistance to disadvantaged communities.
(23) Of the funds appropriated or reappropriated to the department for the capital construction of drinking water and clean water infrastructure by the State fiscal year 2026 appropriations act, P.L.2025, c.74, plus any appropriated funds designated in State fiscal years 2021, 2022, and 2023, the department is authorized to utilize up to $60 million for principal forgiveness of up to $2 million per applicant to disadvantaged communities participating in the department’s technical assistance program for construction costs associated with clean water or drinking water environmental infrastructure projects.
(24) There is appropriated to the department for the purposes of eligible clean water project grants such amounts as may be received by the department under the Sewer Overflow and Stormwater Reuse Grants Program, as the grantee from the United States Environmental Protection Agency and as may be available on or before June 30, 2026.
(25) Of the funds appropriated or reappropriated to the department for the capital construction of drinking water and clean water infrastructure by the State fiscal year 2026 appropriations act, P.L.2025, c.74, plus any appropriated funds designated in State fiscal years 2021, 2022, and 2023, the department is authorized to utilize up to $60 million to provide grants of up to $2 million per applicant to disadvantaged communities participating in the Water Bank’s technical assistance program for planning and design costs associated with clean water or drinking water environmental infrastructure projects.
b. The department is authorized to make zero-interest and principal-forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in subsection a. of section 2 and subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), for clean water projects, up to the individual amounts indicated and in the priority stated, to the extent there are sufficient eligible project applications, except that any such amounts may be reduced if a project fails to meet the requirements of sections 4 or 5 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), or by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
(1) A maximum of $18 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025 for combined sewer overflow projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to communities in combined sewer overflow sewersheds for construction projects that reduce or eliminate discharges from combined sewer overflow outfalls. The amount of principal forgiveness issued pursuant to this paragraph shall not exceed $5 million per borrower whenever practicable. For project costs greater than $5 million, up to and including $10 million, 50 percent of the principal of the loan shall be forgiven and the remaining 50 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $10 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For combined sewer overflow projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(2) A maximum of $18 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025 for combined sewer overflow projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to communities in combined sewer overflow sewersheds for construction projects that reduce or eliminate discharges from combined sewer overflow outfalls that meet “Clean Water State Revolving Fund” affordability criteria. The amount of principal forgiveness issued pursuant to this paragraph shall be based on the applicable tier of the department’s affordability score. For a borrower satisfying Tier 1 of the department’s affordability score and project costs up to and including $8 million, 100 percent of the principal of the loan shall be forgiven. For a borrower satisfying Tier 2 of the department’s affordability score and project costs up to and including $7 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $8 million in the case of a Tier 1 borrower, and greater than $7 million in the case of a Tier 2 borrower, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For combined sewer overflow projects that reduce or eliminate discharges from combined sewer overflow outfalls that meet “Clean Water State Revolving Fund” affordability criteria that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(3) A maximum of $8 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025 for water quality restoration projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), for water quality restoration projects. The amount of a principal-forgiveness loan issued pursuant to this paragraph shall not exceed $2 million per borrower whenever practicable. For project costs up to and including $4 million, 50 percent of the principal of the loan shall be forgiven and the remaining 50 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $4 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For water quality restoration projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(4) A maximum of $19 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025, for clean water projects sponsored by applicants that meet the “Clean Water State Revolving Fund” affordability criteria as set forth by the department shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill). The amount of a principal-forgiveness loan issued pursuant to this paragraph shall be based on the applicable tier of the department’s affordability score. For a borrower satisfying Tier 1 of the department’s affordability score and project costs up to and including $3 million, 100 percent of the principal of the loan shall be forgiven. For a borrower satisfying Tier 2 of the department’s affordability score and project costs up to and including $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $3 million in the case of a Tier 1 borrower or greater than $2 million in the case of a Tier 2 borrower, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For clean water projects sponsored by applicants that meet the “Clean Water State Revolving Fund” affordability criteria that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(5) A maximum of $10 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025, for water and energy efficiency projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to projects that address water and energy efficiency goals that meet the eligibility requirements for water and energy efficiency as defined in the United States Environmental Protection Agency’s “Green Project Reserve Guidance.” The amount of a principal-forgiveness loan issued pursuant to this paragraph shall not exceed $2 million per borrower whenever practicable. For project costs up to and including $4 million, 50 percent of the principal of the loan shall be forgiven and the remaining 50 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $4 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For water and energy efficiency projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(6) A maximum of $27 million in principal forgiveness for emerging contaminant projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to projects that primarily address substances and microorganisms, which are known or anticipated in the environment and which may pose newly identified or re-emerging risks to human health, aquatic life, or the environment. For project costs up to and including $10 million, 100 percent of the principal of the loan shall be forgiven, whenever practicable. For project costs greater than $10 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For emerging contaminant projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(7) A maximum of $2 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2025, for combined sewer overflow or stormwater management projects shall be issued to finance up to 20 percent of project costs for projects that qualify for a Sewer Overflow and Stormwater Reuse grant. 100 percent of the principal of the loan shall be forgiven and the remaining project costs shall be financed through a Sewer Overflow and Stormwater Reuse grant from the department.
(8) A maximum of $8 million in principal forgiveness shall be issued as provided in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to improve stormwater resilience. The amount of a principal-forgiveness loan issued pursuant to this paragraph shall not exceed $2 million per borrower whenever practicable. For project costs up to and including $4 million, 50 percent of the principal of the loan shall be forgiven and the remaining 50 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $4 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For stormwater resilience projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate.
(9) [The projects listed in subsection a. of section 2 of this act and subsection a. of section 3 of this act that were previously identified in P.L.2024, c.35, as amended by P.L.2025, c.10, are granted continued priority status and shall be subject to the provisions of P.L.2024, c.35, as amended by P.L.2025, c.10, provided such projects receive short-term funding prior to June 30, 2025.] (Deleted by amendment, P.L. , c. ) (pending before the Legislature as this bill).
c. The department is authorized to make zero-interest and principal-forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in subsection b. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), for drinking water projects, up to the individual amounts indicated and in the priority stated, provided:
(1) up to $5 million of Drinking Water State Revolving Fund loans, plus any appropriated but unallocated funds designated in State fiscal year 2025 for drinking water systems serving populations of up to 10,000 residents, shall be available for drinking water systems serving populations of up to 10,000 residents wherein principal forgiveness shall not exceed $1 million in the aggregate and shall not exceed 50 percent of the total loan amount per project sponsor in an amount not to exceed $2 million per project sponsor. Project costs greater than $2 million shall have a loan funded at a blended interest rate of 25 percent of the trust’s market rate;
(2) a maximum of $5 million in principal forgiveness shall be available for drinking water systems that serve fewer than 1,000 persons. A loan issued pursuant to this paragraph shall have 100 percent principal forgiveness for drinking water systems that are participating in the Community Engineering Corp or the Engineering Contract with the New Jersey Water Association. A loan issued pursuant to this paragraph for drinking water systems that serve fewer than 1,000 persons that are not participating in the Community Engineering Corp or the Engineering Contract with the New Jersey Water Association shall have 100 percent principal forgiveness of up to $2 million per applicant. For project costs greater than $2 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate;
(3) a maximum of $18 million of principal forgiveness shall be available for drinking water projects that primarily address emerging contaminants, for which principal forgiveness may be authorized for up to 100 percent of the total fund loan amount of up to $3 million per applicant. For project costs greater than $3 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For emerging contaminant projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate;
(4) up to $41 million of the sums appropriated to the department from the federal “Infrastructure Investment and Jobs Act,” Pub. L. 117-58, may be issued for principal forgiveness for drinking water projects other than those to address emerging contaminants or lead that meet the affordability criteria of the department. A maximum of $20 million of principal forgiveness pursuant to this paragraph shall be available for up to 100 percent of the total fund loan amount up to and including $10 million for a borrower satisfying the department’s affordability criteria whose project is identified as among the department’s highest ranked drinking water projects. A maximum of $21 million of principal forgiveness shall be available for up to 100 percent of the total fund loan amount up to and including $3 million for borrowers satisfying the department’s Tier 1 affordability score and up to and including $2 million for borrowers satisfying the department’s Tier 2 affordability score. For projects that would otherwise qualify under this subsection for principal forgiveness that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 25 percent of the trust’s market rate; and
(5) up to $68 million plus any appropriated but unallocated funds designated in State fiscal year 2025 may be issued for principal-forgiveness loans for drinking water systems that meet the department’s affordability criteria pursuant to the State’s lead service line replacement program to finance lead service line replacements. The amount of a principal-forgiveness loan issued pursuant to this paragraph shall be based on the applicable tier of the department’s affordability score. For a borrower satisfying Tier 1 of the department’s affordability score, the amount of principal forgiveness shall not exceed 80 percent of the total loan amount of up to $16 million per water system. For project costs up to and including $20 million, 80 percent of the principal of the loan shall be forgiven and the remaining 20 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $20 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For a borrower satisfying Tier 2 of the department’s affordability score, the amount of principal forgiveness shall not exceed 50 percent of the total loan amount of up to $10 million per water system. For project costs up to and including $20 million, 50 percent of the principal of the loan shall be forgiven and the remaining 50 percent of the loan shall have a blended interest rate of 50 percent of the trust’s market rate. For project costs greater than $20 million, the loan shall have a blended interest rate of 25 percent of the trust’s market rate. For lead service line replacement projects that receive no principal forgiveness because principal-forgiveness funds allocated to such projects are no longer available, the loan shall have a blended interest rate of 20 percent of the trust’s market rate.
Loans may be made pursuant to this subsection to the extent there are sufficient eligible project applications and as may be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act. Any such amounts may be reduced by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), or if a project fails to meet the requirements of section 4 or 5 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
The department is authorized to increase the maximum amounts available for principal forgiveness pursuant to this subsection or subsection b. of this section, to the extent additional funds are available.
d. The department is authorized to make zero-interest and principal-forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), under the same terms, conditions and requirements set forth in this section from any unexpended balances of the amounts appropriated pursuant to section 1 of P.L.1987, c.200, section 2 of P.L.1988, c.133, section 1 of P.L.1989, c.189, section 1 of P.L.1990, c.99, section 1 of P.L.1991, c.325, section 1 of P.L.1992, c.38, section 1 of P.L.1993, c.193, section 1 of P.L.1994, c.106, section 1 of P.L.1995, c.219, section 1 of P.L.1996, c.85, section 1 of P.L.1997, c.221, section 2 of P.L.1998, c.84, section 2 of P.L.1999, c.174, section 2 of P.L.2000, c.92, sections 1 and 2 of P.L.2001, c.222, sections 1 and 2 of P.L.2002, c.70, sections 1 and 2 of P.L.2003, c.158, sections 1 and 2 of P.L.2004, c.109, sections 1 and 2 of P.L.2005, c.196, sections 1 and 2 of P.L.2006, c.68, sections 1 and 2 of P.L.2007, c.139, sections 1 and 2 of P.L.2008, c.68, sections 1 and 2 of P.L.2009, c.102, sections 1 and 2 of P.L.2010, c.63, sections 1 and 2 of P.L.2011, c.93, sections 1 and 2 of P.L.2012, c.43, sections 1 and 2 of P.L.2013, c.95, sections 1 and 2 of P.L.2014, c.25, sections 1 and 2 of P.L.2015, c.108, sections 1 and 2 of P.L.2016, c.32, as amended by P.L.2017, c.14, sections 1 and 2 of P.L.2017, c.143, as amended by P.L.2017, c.326, sections 1 and 2 of P.L.2018, c.85, as amended by P.L.2018, c.137 and P.L.2019, c.12, sections 1 and 2 of P.L.2019, c.193, as amended by P.L.2019, c.514, P.L.2020, c.49, as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by P.L.2021, c.328, P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120, as amended by P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10, and [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), including amounts resulting from the low bid and final building cost reductions authorized pursuant to section 6 of P.L.1987, c.200, section 7 of P.L.1988, c.133, section 6 of P.L.1989, c.189, section 6 of P.L.1990, c.99, section 6 of P.L.1991, c.325, section 6 of P.L.1992, c.38, section 6 of P.L.1993, c.193, section 6 of P.L.1994, c.106, section 6 of P.L.1995, c.219, section 6 of P.L. 1996, c.85, section 6 of P.L.1997, c.221, section 7 of P.L.1998, c.84, section 6 of P.L.1999, c.174, section 6 of P.L.2000, c.92, section 6 of P.L.2001, c.222, section 6 of P.L.2002, c.70, section 6 of P.L.2003, c.158, section 6 of P.L.2004, c.109, section 6 of P.L.2005, c.196, section 6 of P.L.2006, c.68, section 6 of P.L.2007, c.139, section 6 of P.L.2008, c.68, section 7 of P.L.2009, c.102, section 6 of P.L.2010, c.63, section 6 of P.L.2011, c.93, section 6 of P.L.2012, c.43, section 6 of P.L.2013, c.95, section 7 of P.L.2014, c.25, section 7 of P.L.2015, c.108, section 7 of P.L.2016, c.32, as amended by P.L.2017, c.14, section 7 of P.L.2017, c.143 as amended by P.L.2017, c.326, section 7 of P.L.2018, c.85, as amended by P.L.2018, c.137 and P.L.2019, c.12, section 7 of P.L.2019, c.193, as amended by P.L.2019, c.514, section 7 of P.L.2020, c.49, as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by P.L.2021, c.328, P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120, as amended by P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10, and [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), and from any repayments of loans and interest from the Clean Water State Revolving Fund, the “Wastewater Treatment Fund,” the “Water Supply Fund,” the “1992 Wastewater Treatment Fund,” the “2003 Water Resources and Wastewater Treatment Fund,” and amounts deposited therein during State fiscal year 2024 and State fiscal year 2025 pursuant to the provisions of section 16 of P.L.1985, c.329, and section 2 of P.L.2009, c.77 and any amendatory and supplementary acts thereto, including any Clean Water State Revolving Fund Accounts contained within the “Wastewater Treatment Fund,” and from any repayment of loans and interest from the Drinking Water State Revolving Fund.
e. The department is authorized to make zero-interest and principal-forgiveness Sandy financing loans to or on behalf of the project sponsors for the Sandy environmental infrastructure projects listed in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), for clean water projects, in a manner consistent with the Federal Disaster Relief Appropriations Act, up to the individual amounts indicated, except that any such amount may be reduced by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), or if a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), provided a maximum of $300 million shall be provided for Sandy financing loans for clean water projects to provide financial assistance to communities affected by the Storm Sandy and for projects whose purpose is to reduce flood damage risk and vulnerability or to enhance resiliency to rapid hydrologic change or a natural disaster.
f. The department is authorized to increase the aggregate sums specified in subsections b. and c. of this section by the amount of interest accrued pursuant to a short-term or temporary loan made to a project sponsor pursuant to the Interim Environmental Financing Program.
g. For the purposes of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill):
“Department” means the Department of Environmental Protection.
“Federal Disaster Relief Appropriations Act” means the “Disaster Relief Appropriations Act, 2013,” Pub.L.113-2, and any amendatory and supplementary acts thereto.
“Sandy financing” means grants, zero-interest loans or principal-forgiveness loans provided by the Department of Environmental Protection from funds made available to the State for clean water or drinking water projects, or clean water or drinking water project match, pursuant to the Federal Disaster Relief Appropriations Act.
“Technical assistance” means all services and assistance provided for the benefit of eligible project sponsors, including, but not limited to, public engagement services, technical assistance and expertise, and community education, for the purposes of identifying and pursuing a clean water or drinking water project, as described in the financial plan developed pursuant to section 21 of P.L.1985, c.334 (C.58:11B-21) or section 25 of P.L.1997, c.224 (C.58:11B-21.1).
“Trust” means the New Jersey Infrastructure Bank created pursuant to section 4 of P.L.1985, c.334 (C.58:11B-4).
2. Section 2 of P.L.2025, c.109 is amended to read as follows:
2. a. (1) The department is authorized to expend funds for the purpose of making supplemental zero-interest loans to or on behalf of the project sponsors listed below for the following clean water environmental infrastructure projects:
|
Project Sponsor |
Project Number |
Estimated Allowable DEP Loan Amount |
Estimated Total Loan Amount |
|
[Rutgers University |
S340500-01R |
$3,150,000 |
$4,200,000] |
|
Ship Bottom Borough |
S340311-04R |
$750,000 |
$1,000,000 |
|
Total Projects: [2] 1 |
[$3,900,000] $750,000 |
[$5,200,000] $1,000,000 |
(2) The loans authorized in this subsection shall be made for the difference between the allowable loan amounts required by these projects based upon final building costs pursuant to section 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), and the loan amounts certified by the Commissioner of Environmental Protection in State fiscal [years 2019 and] year 2020 and for increased allowable costs as defined and determined in accordance with the rules and regulations adopted by the department pursuant to section 4 of P.L.1985, c.329. The loans authorized in this subsection shall be made to or on behalf of the project sponsors listed, up to the individual amounts indicated and in the priority stated, to the extent sufficient funds are available, except as a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
(3) The zero-interest loans for the projects authorized in this subsection shall have priority over projects listed in subsection a. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
b. (1) The department is authorized to expend funds for the purpose of making supplemental loans to or on behalf of the project sponsors listed below for the following drinking water environmental infrastructure projects:
|
Project Sponsor |
Project Number |
Estimated Allowable DEP Loan Amount |
Estimated Total Loan Amount |
|
Brick Township Municipal Utilities Authority |
1506001-011R |
[$3,750,000] $2,812,500 |
[$5,000,000] $3,750,000 |
|
East Orange City |
0705001-014R |
$1,500,000 |
$2,000,000 |
|
[New Jersey American Water Co. |
0712001-016R |
$3,750,000 |
$5,000,000 |
|
New Jersey American Water Co. |
2004002-012R |
$5,250,000 |
$7,000,000] |
|
Total Projects: [4] 2 |
[$14,250,000] $4,312,500 |
[$19,000,000] $5,750,000 |
(2) The loans authorized in this subsection shall be made for the difference between the allowable loan amount required by these projects based upon final building costs pursuant to section 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), and the loan amounts certified by the Commissioner of Environmental Protection in State fiscal [years] year 2020 [and 2024] and for increased allowable costs as defined and determined in accordance with the rules and regulations adopted by the department pursuant to section 5 of P.L.1981, c.261. The loans authorized in this subsection shall be made to or on behalf of the project sponsors listed, up to the individual amounts indicated and in the priority stated, to the extent sufficient funds are available, except as a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
(3) The zero-interest loans for the projects authorized in this subsection shall have priority over projects listed in subsection b. of section 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill).
c. The department is authorized to adjust the allowable department loan amount for projects authorized in this section to between zero percent and 100 percent of the total allowable loan amount, and, if the department loan amount is adjusted to 100 percent of the total allowable loan amount, the loan shall be provided pursuant to the terms and conditions of the financing program year in which the construction loan component of the project was certified by the department, and for which the trust issued an interim financing program loan for the project, or, in the absence of an interim financing program loan, the terms and conditions of the State fiscal year 2026 financing program.
3. Section 3 of P.L.2025, c.109 is amended to read as follows:
3. a. (1) The following environmental infrastructure projects shall be known and may be cited as the “Storm Sandy and State Fiscal Year 2026 Clean Water Project Eligibility List”:
|
Project Sponsor |
Project Number |
Estimated Allowable DEP Loan Amount |
Estimated Total Loan Amount |
|
Oakland Borough |
S340418-06 |
$5,790,000 |
$7,720,000 |
|
Rahway Valley Sewerage Authority |
S340547-17 |
$4,500,000 |
$6,000,000 |
|
Rahway Valley Sewerage Authority |
S340547-18 |
$5,625,000 |
$7,500,000 |
|
Mendham Borough |
S340159-04 |
$4,125,000 |
$5,500,000 |
|
Newark City |
S340815-25 |
$750,000 |
$1,000,000 |
|
[Camden County Municipal Utilities Authority |
S340640-29 |
$9,525,000 |
$12,700,000] |
|
Berkeley Heights Township |
S340385-05 |
$5,625,000 |
$7,500,000 |
|
Montgomery Township |
S340130-03 |
$21,750,000 |
$29,000,000 |
|
[Newark City |
S340815-26 |
$3,300,000 |
$4,400,000 |
|
Camden City |
S340366-07 |
$7,500,000 |
$10,000,000] |
|
Newton Town |
S340449-09 |
$5,250,000 |
$7,000,000 |
|
Montgomery Township |
S340130-05 |
$14,812,500 |
$19,750,000 |
|
Camden City |
S340366-14 |
$7,027,500 |
$9,370,000 |
|
Middlesex County Utilities Authority |
S340699-18 |
$15,750,000 |
$21,000,000 |
|
Middlesex County Utilities Authority |
S340699-17 |
$19,500,000 |
$26,000,000 |
|
[Musconetcong Sewerage Authority |
S340384-10 |
$1,875,000 |
$2,500,000] |
|
North Bergen Municipal Utilities Authority |
S340652-16 |
$46,500,000 |
$62,000,000 |
|
Hoboken City |
S340635-08 |
$28,500,000 |
$38,000,000 |
|
Paterson City |
S340850-07 |
$3,000,000 |
$4,000,000 |
|
Elizabeth City |
S340942-20 |
$17,250,000 |
$23,000,000 |
|
Elizabeth City |
S345070-01 |
$3,000,001 |
$4,000,001 |
|
Camden County Municipal Utilities Authority |
S340640-33 |
$21,750,000 |
$29,000,000 |
|
Kearny Town |
S340259-11 |
$12,750,000 |
$17,000,000 |
|
Ridgefield Park Village |
S340688-06 |
$9,150,000 |
$12,200,000 |
|
[Long Branch Sewerage Authority |
S340336-08 |
$1,305,525 |
$1,740,700] |
|
Bayshore Regional Sewer Authority |
S340697-07 |
$23,625,000 |
$31,500,000 |
|
Ocean County Utilities Authority |
S340372-64 |
$37,500,000 |
$50,000,000 |
|
North Hudson Sewer Authority |
S340952-40 |
$17,625,000 |
$23,500,000 |
|
Perth Amboy City |
S340435-19 |
$300,000 |
$400,000 |
|
North Hudson Sewer Authority |
S340952-37 |
$9,750,000 |
$13,000,000 |
|
North Hudson Sewer Authority |
S340952-39 |
$13,500,000 |
$18,000,000 |
|
Perth Amboy City |
S340435-22 |
$5,250,000 |
$7,000,000 |
|
Verona Township |
S340533-05 |
$1,875,000 |
$2,500,000 |
|
[Hackensack City |
S340923-13 |
$12,750,000 |
$17,000,000] |
|
Hackensack City |
S340923-16 |
$10,500,000 |
$14,000,000 |
|
Millville City |
S340921-09 |
$8,250,000 |
$11,000,000 |
|
Passaic Valley Sewerage Commission |
S340689-37 |
$91,125,000 |
$121,500,000 |
|
[Passaic Valley Sewerage Commission |
S340689-53 |
$13,650,000 |
$18,200,000] |
|
Passaic Valley Sewerage Commission |
S340689-44 |
$18,000,000 |
$24,000,000 |
|
Passaic Valley Sewerage Commission |
S345200-01 |
$7,500,000 |
$10,000,000 |
|
Passaic Valley Sewerage Commission |
S340689-49 |
$222,102,676 |
$296,136,901 |
|
Passaic Valley Sewerage Commission |
S340689-33 |
$80,250,000 |
$107,000,000 |
|
Mount Laurel Township Municipal Utilities Authority |
S340943-08 |
$5,400,000 |
$7,200,000 |
|
Pennsville Sewerage Authority |
S340870-05 |
$7,500,000 |
$10,000,000 |
|
Beach Haven Borough |
S344220-01 |
$2,700,000 |
$3,600,000 |
|
[Logan Township Municipal Utilities Authority |
S340123-02 |
$9,000,000 |
$12,000,000] |
|
Stony Brook Regional Sewer Authority |
S340400-12 |
$17,400,000 |
$23,200,000 |
|
Bergen County Utilities Authority |
S340386-23 |
$45,000,000 |
$60,000,000 |
|
Linden Roselle Sewer Authority |
S340299-08 |
$20,250,000 |
$27,000,000 |
|
Flemington Borough |
S340440-06 |
$1,102,500 |
$1,470,000 |
|
[Gloucester County Utilities Authority |
S340902-15 |
$10,875,000 |
$14,500,000] |
|
Berkeley Township |
S344020-03 |
$1,612,500 |
$2,150,000 |
|
Passaic Valley Sewerage Commission |
S340689-67 |
$13,125,000 |
$17,500,000 |
|
[Stony Brook Regional Sewer Authority |
S340400-11 |
$16,500,000 |
$22,000,000 |
|
Long Branch Sewerage Authority |
S340336-09 |
$4,200,000 |
$5,600,000] |
|
Bergen County Utilities Authority |
S340386-26 |
$4,500,000 |
$6,000,000 |
|
[JMEUC - East Orange City |
S340686-09a |
$465,378 |
$620,504 |
|
JMEUC - Elizabeth City |
S340686-09b |
$4,879,407 |
$6,505,876 |
|
JMEUC - Hillside Township |
S340686-09c |
$681,323 |
$908,430 |
|
JMEUC - Irvington Township |
S340686-09d |
$1,689,260 |
$2,252,347 |
|
JMEUC - Newark City |
S340686-09e |
$1,022,282 |
$1,363,042 |
|
JMEUC - Summit City |
S340686-09g |
$889,742 |
$1,186,322 |
|
JMEUC - Union Township |
S340686-09h |
$1,837,001 |
$2,449,335 |
|
JMEUC - West Orange Township |
S340686-09i |
$1,189,072 |
$1,585,429] |
|
JMEUC - East Orange City |
S340686-08a |
$1,443,750 |
$1,925,000 |
|
JMEUC - Elizabeth City |
S340686-08b |
$16,188,750 |
$21,585,000 |
|
JMEUC - Hillside Township |
S340686-08c |
$2,141,250 |
$2,855,000 |
|
JMEUC - Irvington Township |
S340686-08d |
$5,538,750 |
$7,385,000 |
|
JMEUC - Maplewood Township |
S340686-08e |
$2,178,750 |
$2,905,000 |
|
JMEUC - Millburn Township |
S340686-08f |
$1,942,500 |
$2,590,000 |
|
JMEUC - Newark City |
S340686-08g |
$3,262,500 |
$4,350,000 |
|
JMEUC - Roselle Park Borough |
S340686-08h |
$1,020,000 |
$1,360,000 |
|
JMEUC - South Orange Village Township |
S340686-08i |
$1,515,000 |
$2,020,000 |
|
JMEUC - Summit City |
S340686-08j |
$2,842,500 |
$3,790,000 |
|
JMEUC - Union Township |
S340686-08k |
$6,022,500 |
$8,030,000 |
|
JMEUC - West Orange Township |
S340686-08l |
$3,847,500 |
$5,130,000 |
|
Lambertville Municipal Utilities Authority |
S340882-11 |
$1,575,000 |
$2,100,000 |
|
Lakehurst Borough |
S340150-01 |
[$1,912,500] $1,200,000 |
[$2,550,000] $1,600,000 |
|
Landis Sewerage Authority |
S340461-07 |
$2,250,000 |
$3,000,000 |
|
Ocean County |
S344080-10 |
$187,500 |
$250,000 |
|
Ocean County |
S344080-11 |
$262,500 |
$350,000 |
|
[Rockaway Valley Regional Sewer Authority |
S340821-08 |
$11,625,000 |
$15,500,000] |
|
Rockaway Valley Regional Sewer Authority |
S340821-11 |
$10,125,000 |
$13,500,000 |
|
Cumberland County Utilities Authority |
S340550-09 |
$10,500,000 |
$14,000,000 |
|
Seaside Heights Borough |
S340236-02 |
$4,125,000 |
$5,500,000 |
|
South Monmouth Regional Sewer Authority |
S340377-08 |
$1,725,000 |
$2,300,000 |
|
Passaic Valley Sewerage Commission |
S340689-57 |
$24,375,000 |
$32,500,000 |
|
[Camden County Municipal Utilities Authority |
S340640-36 |
$11,625,000 |
$15,500,000] |
|
Hamilton Township |
S340898-06 |
$3,037,500 |
$4,050,000 |
|
South Monmouth Regional Sewer Authority |
S340377-07 |
$2,827,500 |
$3,770,000 |
|
[Stafford Township |
S340946-09 |
$3,510,000 |
$4,680,000] |
|
Long Branch Sewerage Authority |
S340336-11 |
$21,750,000 |
$29,000,000 |
|
Metuchen Borough |
S340360-02 |
$6,750,000 |
$9,000,000 |
|
Somerville Borough |
S340551-01 |
$2,775,000 |
$3,700,000 |
|
Newton Town |
S340449-08 |
$2,737,500 |
$3,650,000 |
|
Wildwood City |
S340664-07 |
$10,687,500 |
$14,250,000 |
|
Netcong Borough |
S340538-01 |
$75,000 |
$100,000 |
|
Manasquan River Regional Sewerage Authority |
S340911-03 |
$495,000 |
$660,000 |
|
[Stafford Township |
S340946-10 |
$6,375,000 |
$8,500,000] |
|
Stafford Township |
S340946-11 |
$10,050,000 |
$13,400,000 |
|
Vernon Township |
S340745-03 |
$2,271,750 |
$3,029,000 |
|
Little Egg Harbor Municipal Utilities Authority |
S340579-05 |
$3,150,000 |
$4,200,000 |
|
Hightstown Borough |
S340915-08 |
$1,875,000 |
$2,500,000 |
|
[Delanco Sewerage Authority |
S340956-03 |
$1,725,000 |
$2,300,000] |
|
Tuckerton Borough |
S340034-06 |
$900,000 |
$1,200,000 |
|
Pleasantville City |
S340752-04 |
$3,246,413 |
$4,328,550 |
|
Middlesex County Utilities Authority |
S340699-20 |
$11,250,000 |
$15,000,000 |
|
Monmouth County Bayshore Outfall Authority |
S340325-04 |
[$1,500,000] $2,062,500 |
[$2,000,000] $2,750,000 |
|
Monmouth County Bayshore Outfall Authority |
S340325-04a |
[$1,500,000] $2,062,500 |
[$2,000,000] $2,750,000 |
|
Camden County Municipal Utilities Authority |
S340640-30 |
$5,625,000 |
$7,500,000 |
|
Camden County Municipal Utilities Authority |
S340640-34 |
$13,350,000 |
$17,800,000 |
|
Middlesex County Utilities Authority |
S340699-16 |
$20,250,000 |
$27,000,000 |
|
Rockaway Valley Regional Sewer Authority |
S340821-10 |
$6,375,000 |
$8,500,000 |
|
Toms River Municipal Utilities Authority |
S340145-07 |
$6,750,000 |
$9,000,000 |
|
Brick Township Municipal Utilities Authority |
S340448-12 |
$6,750,000 |
$9,000,000 |
|
[Brick Township Municipal Utilities Authority |
S340448-13 |
$3,450,000 |
$4,600,000 |
|
Northwest Bergen County Utilities Authority |
S340700-19 |
$6,099,338 |
$8,132,450] |
|
Brick Township Municipal Utilities Authority |
S340448-15 |
$1,650,000 |
$2,200,000 |
|
Franklin Township Sewerage Authority |
S340839-11 |
$1,875,000 |
$2,500,000 |
|
Western Monmouth Utilities Authority |
S340128-08 |
$6,000,000 |
$8,000,000 |
|
[Franklin Township Sewerage Authority |
S340839-09 |
$5,700,000 |
$7,600,000] |
|
Franklin Township Sewerage Authority |
S340839-10 |
$7,125,000 |
$9,500,000 |
|
Landis Sewerage Authority |
S340461-10 |
$2,700,000 |
$3,600,000 |
|
Mount Laurel Township Municipal Utilities Authority |
S340943-09 |
$4,500,000 |
$6,000,000 |
|
Hackensack City |
S340923-22 |
$1,987,500 |
$2,650,000 |
|
[Mount Laurel Township Municipal Utilities Authority |
S340943-07 |
$6,000,000 |
$8,000,000 |
|
North Brunswick Township |
S340888-03 |
$2,475,000 |
$3,300,000] |
|
North Brunswick Township |
S340888-04 |
$2,625,000 |
$3,500,000 |
|
[Deptford Township Municipal Utilities Authority |
S340066-03 |
$750,000 |
$1,000,000 |
|
Deptford Township Municipal Utilities Authority |
S340066-04 |
$750,000 |
$1,000,000] |
|
Hillside Township |
S340686-10 |
$1,950,000 |
$2,600,000 |
|
[Hopewell Township |
S340282-03 |
$1,500,000 |
$2,000,000 |
|
Mantua Township Municipal Utilities Authority |
S340514-01 |
$2,007,375 |
$2,676,500 |
|
Mantua Township Municipal Utilities Authority |
S340514-03 |
$1,022,625 |
$1,363,500] |
|
Berkeley Heights Township |
S340385-08 |
$525,000 |
$700,000 |
|
[North Haledon Borough |
S340229-02 |
$75,000 |
$100,000 |
|
North Haledon Borough |
S340229-01 |
$1,875,000 |
$2,500,000 |
|
Carneys Point Sewerage Authority |
S340502-08 |
$1,500,000 |
$2,000,000] |
|
Haddon Heights Borough |
S340877-02 |
$487,500 |
$650,000 |
|
Highlands Borough |
S340901-05 |
$6,375,000 |
$8,500,000 |
|
[Medford Lakes Borough |
S340319-03 |
$8,250,000 |
$11,000,000 |
|
Hamburg Borough |
S340149-03 |
$75,000 |
$100,000 |
|
Hamburg Borough |
S340149-04 |
$750,000 |
$1,000,000 |
|
Wenonah Borough |
S340531-01 |
$997,500 |
$1,330,000 |
|
Clinton Township Sewerage Authority |
S340873-04 |
$1,875,000 |
$2,500,000] |
|
Buena Borough |
S340519-01 |
$2,700,000 |
$3,600,000 |
|
Wildwood Crest Borough |
S340719-05 |
$3,075,000 |
$4,100,000 |
|
Cape May City |
S340258-03 |
$4,687,500 |
$6,250,000 |
|
Gibbsboro Borough |
S340871-04 |
$1,125,000 |
$1,500,000 |
|
Long Beach Township |
S340023-10 |
$5,677,500 |
$7,570,000 |
|
Fieldsboro Borough |
S340522-01 |
$3,750,000 |
$5,000,000 |
|
North Bergen Township |
S340652-17 |
$3,225,000 |
$4,300,000 |
|
Willingboro Municipal Utilities Authority |
S340132-10 |
$13,650,000 |
$18,200,000 |
|
Passaic Valley Sewerage Commission |
S340689-46 |
$51,750,000 |
$69,000,000 |
|
Passaic Valley Sewerage Commission |
S340689-54 |
$16,950,000 |
$22,600,000 |
|
Ocean Gate Borough |
S340151-02 |
$1,125,000 |
$1,500,000 |
|
Atlantic City |
S340439-07 |
$1,575,000 |
$2,100,000 |
|
Camden County Municipal Utilities Authority |
S340640-35 |
$3,862,500 |
$5,150,000 |
|
Ocean County Utilities Authority |
S340372-65 |
$3,150,000 |
$4,200,000 |
|
[Hackensack City |
S340923-15 |
$1,575,000 |
$2,100,000] |
|
Atlantic County Utilities Authority |
S340809-31 |
$30,600,000 |
$40,800,000 |
|
Seaside Heights Borough |
S340236-03 |
$2,550,000 |
$3,400,000 |
|
Seaside Park Borough |
S340083-05 |
$862,500 |
$1,150,000 |
|
North Bergen Municipal Utilities Authority |
S340652-19 |
$975,000 |
$1,300,000 |
|
[Lower Township Municipal Utilities Authority |
S340810-05 |
$22,500,000 |
$30,000,000] |
|
Boonton Town |
S340265-02 |
$2,475,000 |
$3,300,000 |
|
Runnemede Borough |
S340363-07 |
$8,250,000 |
$11,000,000 |
|
[Newton Town |
S340449-04 |
$1,875,000 |
$2,500,000] |
|
Gloucester Township |
S340364-19 |
$1,500,000 |
$2,000,000 |
|
Gloucester Township |
S340364-16 |
$450,000 |
$600,000 |
|
Gloucester Township |
S340364-17 |
$967,649 |
$1,290,198 |
|
Gloucester Township |
S340364-18 |
$1,125,000 |
$1,500,000 |
|
[Newton Town |
S340449-10 |
$1,651,125 |
$2,201,500] |
|
Passaic Valley Sewerage Commission |
S340689-66 |
$17,625,000 |
$23,500,000 |
|
Hackensack City |
S340923-25 |
$1,575,000 |
$2,100,000 |
|
Trenton City |
S340416-14 |
$18,000,000 |
$24,000,000 |
|
New Brunswick City |
S340437-13 |
[$2,587,500] $2,362,500 |
[$3,450,000] $3,150,000 |
|
Atlantic City Municipal Utilities Authority |
S340439-04 |
$2,300,000 |
$3,066,667 |
|
East Orange City |
S340843-03 |
$12,825,000 |
$17,100,000 |
|
Sussex County Municipal Utilities Authority |
S342008-07 |
$5,625,000 |
$7,500,000 |
|
[Burlington City |
S340140-02 |
$1,950,000 |
$2,600,000] |
|
Lakewood Township Municipal Utilities Authority |
S340465-04 |
$6,000,000 |
$8,000,000 |
|
South Orange Village |
S340103-02 |
$2,002,500 |
$2,670,000 |
|
[Brick Township Municipal Utilities Authority |
S340448-14 |
$1,500,000 |
$2,000,000] |
|
Passaic Valley Water Commission |
S340322-03 |
$2,850,000 |
$3,800,000 |
|
Manchester Township |
S340650-09 |
$3,262,500 |
$4,350,000 |
|
Lyndhurst Township |
S340426-09 |
$3,000,000 |
$4,000,000 |
|
[West Deptford Township |
S340947-06 |
$3,540,000 |
$4,720,000] |
|
Glen Ridge Borough |
S340861-02 |
$1,575,000 |
$2,100,000 |
|
Bordentown City |
S340219-04 |
$3,000,000 |
$4,000,000 |
|
Island Heights Borough |
S340176-03 |
$750,000 |
$1,000,000 |
|
[Ship Bottom Borough |
S340311-04 |
$2,062,500 |
$2,750,000] |
|
Total Projects: [151] 142 |
[$1,279,030,279] $1,456,129,739 |
[$1,705,373,702] $1,941,506,317 |
(2) The department is authorized to make clean water and drinking water project loans to the following municipalities receiving funding from the “Pinelands Infrastructure Trust Fund,” established pursuant to section 14 of the “Pinelands Infrastructure Trust Bond Act of 1985,” P.L.1985, c.302:
|
Project Sponsor |
Project Number |
Estimated Total Loan Amount |
|
Pemberton Twp. |
Pinelands 1 |
$2,929,000 |
|
Manchester Twp./Jackson MUA |
Pinelands 2 |
$7,192,035 |
|
Galloway Twp. |
Pinelands 4 |
$3,493,440 |
|
Winslow Twp. |
Pinelands 5 |
$1,728,940 |
|
Total Pinelands Projects: 4 |
$15,343,415 |
b. The following environmental infrastructure projects shall be known and may be cited as the “Storm Sandy and State Fiscal Year 2026 Drinking Water Project Eligibility List”:
|
Project Sponsor |
Project Number |
Estimated Allowable DEP Loan Amount |
Estimated Total Loan Amount |
|
Passaic Valley Water Commission |
1605002-002 |
[$54,000,000] $41,287,500 |
[$72,000,000] $55,050,000 |
|
Lakewood Township Municipal Utilities Authority |
1514002-001 |
$11,250,000 |
$15,000,000 |
|
Orange City |
0717001-013 |
$975,000 |
$1,300,000 |
|
Camden City |
0408001-001 |
$43,312,500 |
$57,750,000 |
|
Wildwood City |
0514001-007 |
$18,750,000 |
$25,000,000 |
|
Red Bank Borough |
1340001-004 |
$9,000,000 |
$12,000,000 |
|
Flemington Borough |
1009001-010 |
$300,000 |
$400,000 |
|
Manchester Utilities Authority |
1603001-001 |
$787,500 |
$1,050,000 |
|
Bloomfield Township |
0702001-004 |
$3,000,000 |
$4,000,000 |
|
Jersey City Municipal Utilities Authority |
0906001-035 |
$116,250,000 |
$155,000,000 |
|
Merchantville Pennsauken Water Commission |
0424001-006 |
$7,612,500 |
$10,150,000 |
|
Aqua New Jersey Incorporated |
0415002-001 |
$6,637,500 |
$8,850,000 |
|
Ridgewood Village |
0251001-001 |
[$30,000,000] $31,500,000 |
[$40,000,000] $42,000,000 |
|
Ridgewood Village |
0251001-002 |
$13,500,000 |
$18,000,000 |
|
Ridgewood Village |
0251001-003 |
$7,200,000 |
$9,600,000 |
|
Belleville Township |
0701001-008 |
$2,676,564 |
$3,568,752 |
|
Livingston Township |
0710001-001 |
$9,000,000 |
$12,000,000 |
|
Livingston Township |
0710001-002 |
$3,750,000 |
$5,000,000 |
|
[Waldwick Borough |
0264001-003 |
$5,250,000 |
$7,000,000 |
|
Ho-Ho-Kus Borough |
0228001-002 |
$3,000,000 |
$4,000,000 |
|
Essex Fells Borough |
0706001-003 |
$7,500,000 |
$10,000,000] |
|
Essex Fells Borough |
0706001-004 |
$3,750,000 |
$5,000,000 |
|
Essex Fells Borough |
0706001-005 |
$3,787,500 |
$5,050,000 |
|
Lake Stockholm Systems, Inc. |
1911002-001 |
$1,725,000 |
$2,300,000 |
|
[Brick Township Municipal Utilities Authority |
1506001-011 |
$15,667,500 |
$20,890,000 |
|
High Bridge Borough |
1014001-004 |
$1,875,000 |
$2,500,000] |
|
Aqua New Jersey Incorporated |
1911004-001 |
$2,250,000 |
$3,000,000 |
|
Newark City |
0714001-024 |
$11,250,000 |
$15,000,000 |
|
Newton Town |
1915001-001 |
$3,000,000 |
$4,000,000 |
|
[Merchantville Pennsauken Water Commission |
0424001-004 |
$6,525,000 |
$8,700,000 |
|
NJ American Water Company, Incorporated |
2004002-012 |
$48,750,000 |
$65,000,000] |
|
Atlantic City Municipal Utilities Authority |
0102001-013 |
$3,900,000 |
$5,200,000 |
|
Wildwood City |
0514001-008 |
$2,662,500 |
$3,550,000 |
|
Newark City |
0714001-023 |
$17,250,000 |
$23,000,000 |
|
Seaside Heights Borough |
1526001-002 |
$7,500,000 |
$10,000,000 |
|
Allentown Borough |
1302001-006 |
$945,000 |
$1,260,000 |
|
Allentown Borough |
1302001-007 |
$2,437,500 |
$3,250,000 |
|
Bloomfield Township |
0702001-006 |
[$13,125,000] $7,387,500 |
[$17,500,000] $9,850,000 |
|
Trenton City |
1111001-013 |
$7,893,900 |
$10,525,200 |
|
Aqua New Jersey Incorporated |
2119001-002 |
$7,162,500 |
$9,550,000 |
|
Hawthorne Borough |
1604001-003 |
$2,100,000 |
$2,800,000 |
|
Hawthorne Borough |
1604001-004 |
$2,250,000 |
$3,000,000 |
|
Margate City |
0116001-003 |
$4,950,000 |
$6,600,000 |
|
Bayonne City |
0901001-005 |
$9,375,000 |
$12,500,000 |
|
Passaic Valley Water Commission |
1605002-033 |
$3,750,000 |
$5,000,000 |
|
Park Ridge Borough |
0247001-002 |
$3,187,500 |
$4,250,000 |
|
[Brick Township Municipal Utilities Authority |
1506001-014 |
$2,700,000 |
$3,600,000] |
|
Jersey City Municipal Utilities Authority |
0906001-024 |
$10,087,500 |
$13,450,000 |
|
Manchester Utilities Authority |
1603001-004 |
$1,500,000 |
$2,000,000 |
|
Mount Laurel Township Municipal Utilities Authority |
0324001-004 |
$1,500,000 |
$2,000,000 |
|
Verona Township |
0720001-006 |
[$2,625,000] $3,750,000 |
[$3,500,000] $5,000,000 |
|
[Hawthorne Borough |
1604001-002 |
$7,500,000 |
$10,000,000 |
|
Upper Deerfield Township |
0613004-002 |
$3,300,000 |
$4,400,000 |
|
Willingboro Municipal Utilities Authority |
0338001-010 |
$5,400,000 |
$7,200,000 |
|
NJ American Water Company, Incorporated |
0712001-016 |
$39,375,000 |
$52,500,000] |
|
Boonton Town |
1401001-003 |
$4,875,000 |
$6,500,000 |
|
Upper Deerfield Township |
0613004-003 |
$937,500 |
$1,250,000 |
|
Old Bridge Municipal Utilities Authority |
1209002-005 |
$3,525,000 |
$4,700,000 |
|
[Allentown Borough |
1302001-004 |
$1,746,720 |
$2,328,960] |
|
Cape May City |
0502001-005 |
$1,875,000 |
$2,500,000 |
|
Stone Harbor Borough |
0510001-001 |
[$9,000,000] $6,262,500 |
[$12,000,000] $8,350,000 |
|
Newton Town |
1915001-003 |
$750,000 |
$1,000,000 |
|
Seaside Heights Borough |
1526001-003 |
$4,050,000 |
$5,400,000 |
|
Hightstown Borough |
1104001-011 |
$825,000 |
$1,100,000 |
|
Burlington City |
0305001-003 |
$1,650,000 |
$2,200,000 |
|
[Hoboken City |
0905001-003 |
$7,500,000 |
$10,000,000] |
|
Berkeley Township Municipal Utilities Authority |
1505323-001 |
$1,575,000 |
$2,100,000 |
|
North Brunswick Township |
1215001-008 |
$4,875,000 |
$6,500,000 |
|
[Deptford Township Municipal Utilities Authority |
0802001-002 |
$1,425,000 |
$1,900,000 |
|
Deptford Township Municipal Utilities Authority |
0802001-003 |
$1,275,000 |
$1,700,000] |
|
Edison Township |
1205001-001 |
$6,375,000 |
$8,500,000 |
|
East Windsor Municipal Utilities Authority |
1101002-005 |
$1,500,000 |
$2,000,000 |
|
Little Egg Harbor Municipal Utilities Authority |
1516001-007 |
$2,625,000 |
$3,500,000 |
|
[Clinton Town |
1005001-012 |
$2,625,000 |
$3,500,000] |
|
North Caldwell Borough |
0715001-002 |
$2,850,000 |
$3,800,000 |
|
Roosevelt Borough |
1314001-003 |
$1,500,000 |
$2,000,000 |
|
Roosevelt Borough |
1341001-008 |
$750,000 |
$1,000,000 |
|
Roosevelt Borough |
1341001-009 |
$600,000 |
$800,000 |
|
Robbinsville Township |
1112001-001 |
[$1,650,000] $2,062,500 |
[$2,200,000] $2,750,000 |
|
Evesham Municipal Utilities Authority |
0313001-004 |
$3,225,000 |
$4,300,000 |
|
Willingboro Municipal Utilities Authority |
0338001-014 |
$2,625,000 |
$3,500,000 |
|
Monroe Municipal Utilities Authority |
0811002-003 |
$4,875,000 |
$6,500,000 |
|
Pine Hill Municipal Utilities Authority |
0428002-006 |
$2,325,000 |
$3,100,000 |
|
Allamuchy Township |
2101001-001 |
$1,125,000 |
$1,500,000 |
|
Ocean Gate Borough |
1521001-004 |
$1,387,500 |
$1,850,000 |
|
Brookwood Musconetcong River Property Owners Association |
1904001-005 |
$1,575,000 |
$2,100,000 |
|
Mount Arlington Borough |
1426005-001 |
$1,575,000 |
$2,100,000 |
|
Brick Township Municipal Utilities Authority |
1506001-016 |
$8,475,000 |
$11,300,000 |
|
Verona Township |
0720001-008 |
$1,500,000 |
$2,000,000 |
|
Willingboro Municipal Utilities Authority |
0338001-005 |
$1,500,000 |
$2,000,000 |
|
Pemberton Township |
0329004-001 |
$4,125,000 |
$5,500,000 |
|
Harvey Cedars Borough |
1509001-002 |
$2,325,000 |
$3,100,000 |
|
[High Bridge Borough |
1014001-001 |
$75,000 |
$100,000] |
|
Lavallette Borough |
1515001-002 |
$3,825,000 |
$5,100,000 |
|
Total Projects: [59] 76 |
[$488,773,284] $542,065,464 |
[$651,697,712] $722,753,952 |
c. The department is authorized to adjust the allowable department loan amount for projects authorized in this section to between zero percent and 100 percent of the total allowable loan amount, and, if the department loan amount is adjusted to 100 percent of the total allowable loan amount, the loan shall be provided pursuant to the terms and conditions of the financing program year in which the construction loan component of the project was certified by the department, and for which the trust issued an interim financing program loan, or, in the absence of an interim financing program loan, the terms and conditions of the State fiscal year 2026 financing program.
4. Section 4 of P.L.2025, c.109 is amended to read as follows:
4. Any financing loan made by the department pursuant to [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), shall be subject to the following requirements:
a. The Commissioner of Environmental Protection has certified that the project is in compliance with the provisions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225, or P.L.2003, c.162, and any rules and regulations adopted pursuant thereto;
b. Except as otherwise provided in this subsection, a loan for an environmental infrastructure project listed in section 2 or 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), shall be subject to the terms and conditions of the financing program year in which the construction loan component of the project was certified by the department, and for which the trust issued an interim financing program loan, or, in the absence of an interim financing program loan, the terms and conditions of the State fiscal year 2026 financing program;
c. Notwithstanding the provisions of sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), the department allowable loan amount may be 100 percent of the total allowable loan amount for:
(1) clean water project and drinking water project loans to (a) municipalities that do not satisfy the New Jersey Infrastructure Bank credit policy but are subject to State financial supervision and oversight pursuant to the “Local Government Supervision Act (1947),” P.L.1947, c.151 (C.52:27BB-1 et seq.), or (b) municipal, county, or regional sewerage authorities, or utilities authorities, that do not satisfy the New Jersey Infrastructure Bank credit policy but where the municipal participant through its service agreement with the authority or utility is under State financial supervision and oversight pursuant to the “Local Government Supervision Act (1947),” P.L.1947, c.151 (C.52:27BB-1 et seq.), and the repayment obligation of the authority or utility is secured by the full faith and credit of the participating municipality pursuant to the service agreement;
(2) clean water and drinking water loans to municipalities receiving funding under the United States Department of Housing and Urban Development Community Development Block Grant – Disaster Recovery Program (CDBG-DR); and
(3) clean water loans to municipal, county, or regional sewerage authorities that qualify for Sewer Overflow and Stormwater Reuse grants for combined sewer overflows or stormwater management projects;
d. With the exception of a loan for which the department issues 100 percent of the loan amount pursuant to subsection b. of section 2, subsection c. of section 3, and subsection c. of this section, the loan shall be conditioned upon approval of a loan from the New Jersey Infrastructure Bank pursuant to P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session);
e. The loan shall be repaid within a period not to exceed 30 years, or 35 years for loans funded pursuant to the federal “Water Infrastructure Finance and Innovation Act of 2014,” 33 U.S.C. s.3901 et seq. as amended and supplemented, or 45 years for combined sewer overflow abatement projects, of the making of the loan; and
f. The loan shall be subject to any other terms and conditions as may be established by the commissioner and approved by the State Treasurer, which may include, notwithstanding any other provision of law to the contrary, subordination of a loan authorized in [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to loans made by the New Jersey Infrastructure Bank pursuant to P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session), or to administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).
g. Notwithstanding the provisions of any applicable law or regulation to the contrary, drinking water projects may be funded by the “Pinelands Infrastructure Trust Fund” established pursuant to section 14 of the “Pinelands Infrastructure Trust Bond Act of 1985,” P.L.1985, c.302. Drinking water projects financed by the Pinelands Infrastructure Trust Fund shall be funded in accordance with the regulations applicable to the financing of wastewater projects by the Pinelands Infrastructure Trust Fund unless and until regulations specific to the financing of drinking water projects are promulgated.
5. Section 5 of P.L.2025, c.109 is amended to read as follows:
5. Any Sandy financing loan made by the department pursuant to [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), shall be subject to the following requirements:
a. The commissioner has certified that the project is in compliance with the provisions of Title X, Chapter 7 of the Federal Disaster Relief Appropriations Act;
b. The commissioner has certified that the project is in compliance with the provisions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225, or P.L.2003, c.162, and any rules and regulations adopted pursuant thereto; and
c. The loan shall be subject to any other terms and conditions as may be established by the commissioner and approved by the State Treasurer, which may include, notwithstanding any other provision of law to the contrary, subordination of a loan authorized in [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to loans made by the trust pursuant to P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session), or to administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).
6. Section 6 of P.L.2025, c.109 is amended to read as follows:
6. The eligibility lists and authorization for the making of loans pursuant to sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), shall expire on July 1, 2026, and any project sponsor which has not executed and delivered a loan agreement with the department for a loan authorized in [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), shall no longer be entitled to that loan.
7. Section 7 of P.L.2025, c.109 is amended to read as follows:
7. The Commissioner of Environmental Protection is authorized to reduce or increase the individual amount of loan funds made available to or on behalf of project sponsors pursuant to sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), based upon final or low-bid building costs defined in and determined in accordance with rules and regulations adopted by the commissioner pursuant to section 4 of P.L.1985, c.329, section 2 of P.L.1999, c.362 (C.58:12A-12.2), or section 5 of P.L.1981, c.261, provided that the total loan amount does not exceed the estimated total allowable loan amount. The commissioner is authorized to reduce or increase the individual amount of loan funds made available to or on behalf of project sponsors pursuant to sections 2 and 3 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), in an amount not to exceed 10 percent of the total allowable loan amount based upon additional project costs to comply with the department’s guidance for asset management, emergency response, flood protection, and auxiliary power.
8. Section 8 of P.L.2025, c.109 is amended to read as follows:
8. The expenditure of the funds appropriated by [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), is subject to the provisions and conditions of P.L.1977, c.224, P.L.1985, c.302, P.L.1985, c.329, P.L.1989, c.181, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225, or P.L.2003, c.162, and the rules and regulations adopted by the Commissioner of Environmental Protection pursuant thereto, and the provisions of the Federal Disaster Relief Appropriations Act, the Federal Clean Water Act, and the Federal Safe Drinking Water Act, and any amendatory and supplementary acts thereto.
9. Section 10 of P.L.2025, c.109 is amended to read as follows:
10. a. Prior to repayment to the Clean Water State Revolving Fund pursuant to sections 1 and 2 of P.L.2009, c.77 and any amendatory and supplementary acts thereto, prior to repayment to the “Wastewater Treatment Fund” pursuant to the provisions of section 16 of P.L.1985, c.329, prior to repayment to the “1992 Wastewater Treatment Fund” pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment to the Drinking Water State Revolving Fund, prior to repayment to the “Stormwater Management and Combined Sewer Overflow Abatement Fund” pursuant to the provisions of section 15 of P.L.1989, c.181, prior to repayment to the “2003 Water Resources and Wastewater Treatment Fund” pursuant to the provisions of section 20 of P.L.2003, c.162, prior to repayment to the “Water Supply Fund” pursuant to the provisions of section 15 of P.L.1981, c.261, or prior to the repayment to the “Pinelands Infrastructure Trust Fund” pursuant to the provisions of section 5 of P.L.1985, c.302, repayments of loans made pursuant to these acts may be utilized by the New Jersey Infrastructure Bank established pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), as amended and supplemented by P.L.1997, c.224, under terms and conditions established by the commissioner and trust, approved by the State Treasurer, and consistent with the provisions of P.L.1985, c.334 (C.58:11B-1 et seq.) and federal tax, environmental or securities law, to the extent necessary to secure repayment of trust bonds issued to finance loans approved pursuant to P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session), and to secure the administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5) by the project sponsors receiving trust loans.
b. Prior to repayment to the Clean Water State Revolving Fund pursuant to section 1 and 2 of P.L.2009, c.77 and any amendatory and supplementary acts thereto, prior to repayment to the “Wastewater Treatment Fund” pursuant to the provisions of section 16 of P.L.1985, c.329, prior to repayment to the “1992 Wastewater Treatment Fund” pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment to the “Water Supply Fund” pursuant to the provisions of section 15 of P.L.1981, c.261, prior to repayment to the Drinking Water State Revolving Fund, prior to repayment to the “2003 Water Resources and Wastewater Treatment Fund” pursuant to the provisions of section 20 of P.L.2003, c.162, prior to repayment to the “Stormwater Management and Combined Sewer Overflow Abatement Fund” pursuant to the provisions of section 15 of P.L.1989, c.181, or prior to repayment to the “Pinelands Infrastructure Trust Fund” pursuant to the provisions of section 5 of P.L.1985, c.302, the trust is further authorized to utilize repayments of loans made pursuant to P.L.1989, c.189, P.L.1990, c.99, P.L.1991, c.325, P.L.1992, c.38, P.L.1993, c.193, P.L.1994, c.106, P.L.1995, c.219, P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174, P.L.2000, c.92, P.L.2001, c.222, P.L.2002, c.70, P.L.2003, c.158, P.L.2004, c.109, P.L.2005, c.196, P.L.2006, c.68, P.L.2007, c.139, P.L.2008, c.68, P.L.2009, c.102, P.L.2010, c.63, P.L.2011, c.93, P.L.2012, c.43, P.L.2013, c.95, P.L.2014, c.25, P.L.2015, c.108, P.L.2016, c.32, P.L.2017, c.143, as amended by P.L.2017, c.326, P.L.2018, c.85, as amended by P.L.2018, c.137, P.L.2019, c.12, P.L.2019, c.193, as amended by P.L.2019, c.514, P.L.2020, c.49, as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by P.L.2021, c.328, P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120, as amended by P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10, or [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), to secure repayment of trust bonds issued to finance loans approved pursuant to P.L.1995, c.218, P.L.1996, c.87, P.L.1997, c.222, P.L.1998, c.85, P.L.1999, c.173, P.L.2000, c.93, P.L.2001, c.224, P.L.2002, c.71, P.L.2003, c.159, P.L.2004, c.110, P.L.2005, c.197, P.L.2006, c.67, P.L.2007, c.140, P.L.2008, c.67, P.L.2009, c.101, P.L.2010, c.62, P.L.2011, c.95, P.L.2012, c.38, P.L.2013, c.94, P.L.2014, c.26, P.L.2015, c.107, P.L.2016, c.31, P.L.2017, c.142, as amended by P.L.2017, c.327, P.L.2018, c.84, as amended by P.L.2019, c.30, P.L.2019, c.192, as amended by P.L.2019, c.515, P.L.2020, c.48, as amended by P.L.2021, c.22, P.L.2021, c.204, as amended by P.L.2021, c.316, P.L.2022, c.100, as amended by P.L.2023, c.5, P.L.2023, c.119, as amended by P.L.2023, c.343, P.L.2024, c.41, as amended by P.L.2025, c.8, or P.L.2025, c.125, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25 session), and to secure the administrative fees payable to the trust under these loans pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).
c. To the extent that any loan repayment sums are used to satisfy any trust bond repayment or administrative fee payment deficiencies, the trust shall repay such sums to the department for deposit into the Clean Water State Revolving Fund, the “Wastewater Treatment Fund,” the “1992 Wastewater Treatment Fund,” the “Water Supply Fund,” the Drinking Water State Revolving Fund, the “2003 Water Resources and Wastewater Treatment Fund,” the “Stormwater Management and Combined Sewer Overflow Abatement Fund,” or the “Pinelands Infrastructure Trust Fund,” as appropriate, from amounts received by or on behalf of the trust from project sponsors causing any such deficiency.
10. Section 13 of P.L.2025, c.109 is amended to read as follows:
13. There is appropriated to the New Jersey Infrastructure Bank established pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), funds from the Federal Disaster Relief Appropriations Act deposited in any account including the Clean Water State Revolving Fund, the “Water Supply Fund,” or the Drinking Water State Revolving Fund, as appropriate, funds transferred by the department to the New Jersey Infrastructure Bank pursuant to paragraph (21) of subsection a. of section 1 of [this act] P.L.2025, c.109, as amended by P.L. , c. (pending before the Legislature as this bill), and funds from any net earnings received from the investment and reinvestment of such deposits, such sums as the chairperson of the trust certifies to the Commissioner of Environmental Protection to be necessary and appropriate for deposit into one or more reserve funds or accounts established by the trust pursuant to section 11 of P.L.1985, c.334 (C.58:11B-11).
11. This act shall take effect immediately.
STATEMENT
This bill would amend P.L.2025, c.109 to revise the lists of environmental infrastructure projects for which the Legislature has appropriated funds to the Department of Environmental Protection (DEP) for State fiscal year 2026.
In July 2025, P.L.2025, c.109 was enacted into law, which appropriated funds to the DEP for the purpose of financing approximately $2.4 billion in Storm Sandy and other environmental infrastructure projects through the New Jersey Infrastructure Bank (NJIB) in FY2026. This bill would amend the lists of environmental infrastructure projects for which the DEP is appropriated funds pursuant to P.L.2025, c.109 to include new projects, remove projects, modify the priority of certain projects, and modify the loan amounts for certain projects. As amended by the bill, P.L.2025, c.109 would appropriate to the DEP up to $2.69 billion, and any unexpended balances from previous authorizations, to provide loans to project sponsors for a total of 225 eligible environmental infrastructure projects for FY2026. This would include 142 projects on the “Storm Sandy and State Fiscal Year 2026 Clean Water Project Eligibility List” and 76 projects on the “Storm Sandy and State Fiscal Year 2026 Drinking Water Project Eligibility List.”