New Jersey 2024-2025 Regular Session

New Jersey Assembly Bill A1082 Compare Versions

Only one version of the bill is available at this time.
OldNewDifferences
11 ASSEMBLY, No. 1082 STATE OF NEW JERSEY 221st LEGISLATURE PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
22
33 ASSEMBLY, No. 1082
44
55
66
77 STATE OF NEW JERSEY
88
99 221st LEGISLATURE
1010
1111
1212
1313 PRE-FILED FOR INTRODUCTION IN THE 2024 SESSION
1414
1515
1616
1717 Sponsored by: Assemblyman WILLIAM B. SAMPSON, IV District 31 (Hudson) Assemblyman ALEX SAUICKIE District 12 (Burlington, Middlesex, Monmouth and Ocean) Assemblywoman YVONNE LOPEZ District 19 (Middlesex) Co-Sponsored by: Assemblywoman Murphy, Assemblymen Freiman and Wimberly SYNOPSIS Amends lists of environmental infrastructure projects approved for long-term funding by DEP under FY 2024 environmental infrastructure funding program. CURRENT VERSION OF TEXT Introduced Pending Technical Review by Legislative Counsel.
1818
1919
2020
2121 Sponsored by:
2222
2323 Assemblyman WILLIAM B. SAMPSON, IV
2424
2525 District 31 (Hudson)
2626
2727 Assemblyman ALEX SAUICKIE
2828
2929 District 12 (Burlington, Middlesex, Monmouth and Ocean)
3030
3131 Assemblywoman YVONNE LOPEZ
3232
3333 District 19 (Middlesex)
3434
3535
3636
3737 Co-Sponsored by:
3838
3939 Assemblywoman Murphy, Assemblymen Freiman and Wimberly
4040
4141
4242
4343
4444
4545
4646
4747
4848
4949 SYNOPSIS
5050
5151 Amends lists of environmental infrastructure projects approved for long-term funding by DEP under FY 2024 environmental infrastructure funding program.
5252
5353
5454
5555 CURRENT VERSION OF TEXT
5656
5757 Introduced Pending Technical Review by Legislative Counsel.
5858
5959
6060
6161 An Act concerning the financing of environmental infrastructure projects in Fiscal Year 2024 and amending P.L.2023, c.120. Be It Enacted by the Senate and General Assembly of the State of New Jersey: 1. Section 1 of P.L.2023, c.120 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 2023 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 2023 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.2023, c.120, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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, 2024, 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), as may be available on or before June 30, 2024, 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.2023, c.120, 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.2023, c.120, 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 $60 million appropriated to the department for the capital construction of drinking water infrastructure by the State fiscal year 2023 appropriations act, P.L.2022, c.49, plus any appropriated funds designated in State fiscal years 2021 and 2022, 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 2024 appropriations act, P.L.2023, c.74, the department is authorized to utilize up to $40 million for principal forgiveness loans to disadvantaged communities for planning and design costs associated with clean water or drinking water environmental infrastructure projects. (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 2024 appropriations act, P.L.2023, c.74, the department is authorized to utilize up to $40 million for project loans to disadvantaged communities participating in the department's technical assistance program. (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, 2024. 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill). (1) A maximum of $30 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2023 for combined sewer overflow projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 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 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. (2) A maximum of $30 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2023 for combined sewer overflow projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 not exceed $5 million per borrower whenever practicable. For project costs up to and including $5 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $5 million and up to and including $10 million, the loan shall have a blended interest rate of 50 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. For project costs greater than $10 million up to and including $20 million, the loan shall have the terms as provided in paragraph (4) of this subsection applicable to clean water projects sponsored by applicants that meet the "Clean Water State Revolving Fund" affordability criteria. (3) A maximum of $6 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023 for water quality restoration projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 $2.5 million per borrower whenever practicable. For project costs up to and including $5 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 $5 million and up to and including $10 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. (4) A maximum of $36 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, 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.2023, c.120, 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 not exceed $2 million per borrower whenever practicable. For project costs up to and including $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $10 million, 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. (5) A maximum of $18 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, for water and energy efficiency projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 and up to and including $10 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. (6) A maximum of $9 million in principal forgiveness loans for emerging contaminant projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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. 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 $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. (7) A maximum of $4 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, 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) Of the sums appropriated to the department by the federal "American Rescue Plan Act," Pub.L. 117-2, a maximum of $148 million in principal forgiveness loans shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 are listed on combined sewer outfall long term control plans. Eighty 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. (9) The projects listed in subsection a. of section 2 of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), and subsection a. of section 3 of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), that were previously identified in P.L.2022, c.99, as amended by P.L.2023, c.6, are granted continued priority status and shall be subject to the provisions of P.L.2022, c.99, as amended by P.L.2023, c.6, provided such projects receive short-term funding prior to June 30, 2023. 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.2023, c.120, 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 $4 million of Drinking Water State Revolving Fund loans, plus any appropriated but unallocated funds designated in State fiscal year 2023 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 $500,000 in the aggregate and shall not exceed 50 percent of the total loan amount per project sponsor in an amount not to exceed $1 million per project sponsor; (2) up to $5 million in principal forgiveness loans shall be available for drinking water systems that serve fewer than 1,000 persons, have been assisted by the Community Engineering Corps, and do not meet credit eligibility requirements of the Water Bank Financing Program credit policy. A loan issued pursuant to this paragraph shall have 100 percent principal forgiveness for a loan amount of up to $1 million per applicant; (3) a maximum of $13 million of principal forgiveness loans 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 $2 million per applicant; (4) up to $7 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. 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 $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $10 million, the loan shall have a blended interest rate of 25 percent of the trust's market rate; (5) up to $25 million plus any appropriated but unallocated funds designated in State fiscal year 2023, and up to $10 million of the sums appropriated to the department by the federal "Infrastructure Investment and Jobs Act," Pub.L. 117-58, 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, for which 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 $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 and up to and including $20 million, the loan shall have a blended interest rate of 25 percent of the trust's market rate. For project costs greater than $20 million and up to and including $40 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs over $40 million, the loan may be financed at 100 percent of the trust's market rate, as capacity allows; and (6) A maximum of $20 million of the sums appropriated to the department from the federal "American Rescue Plan Act," Pub.L. 117-2, plus any appropriated but unallocated funds designated in State fiscal year 2023, may be issued to drinking water systems for principal forgiveness loans for projects that address climate change concerns and ensure long-term drinking water resilience in New Jersey, or for projects for the installation of treatment systems to address multiple maximum contaminant level violations at one drinking water system that meets the affordability criteria of the department. The amount of principal forgiveness issued pursuant to this paragraph shall not exceed $20 million per borrower whenever practicable. For project costs up to and including $25 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. 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, 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, [and] P.L.2022, c.99, as amended by P.L.2023, c.6, and P.L.2023, c.120, 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, [and] P.L.2022, c.99, as amended by P.L.2023, c.6, and P.L.2023, c.120, 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 2023 and State fiscal year 2024 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, 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). (cf: P.L.2023, c.120, s.1) 2. Section 2 of P.L.2023, c.120 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 [Clinton Town S340924-07R $600,000 $800,000] Hoboken City S340635-06R $30,000,000 $40,000,000 Jersey City MUA S340928-15R $2,625,000 $3,500,000 Newark City S340815-24R $15,750,000 $21,000,000 North Bergen MUA S340652-14R $6,150,000 $8,200,000 Ocean Township SA S340750-14R $1,500,000 $2,000,000 Passaic Valley SC S340689-40R $1,125,000 $1,500,000 Paterson City S340850-03-1 $1,912,500 $2,550,000 Plumsted Township S340607-03R $7,500,000 $10,000,000 Rutgers University S340500-01R $3,150,000 $4,200,000 Somerville Borough S342013-01-1 $1,387,500 $1,850,000 Total Projects: [11] 10 [$71,700,000] $71,100,000 [$95,600,000] $94,800,000 (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.2023, c.120, 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 2008, [2017, 2018,] 2019, 2020, 2021, 2022, and 2023 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.2023, c.120, 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.2023, c.120, 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 National Park Borough 0812001-004R $750,000 $1,000,000 North Jersey District WSC 1613001-025R $19,125,000 $25,500,000 Total Projects: 2 $19,875,000 $26,500,000 (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.2023, c.120, 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 [2017, 2019 and] 2020 and 2022 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.2023, c.120, 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.2023, c.120, 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 2024 financing program. (cf: P.L.2023, c.120, s.2) 3. Section 3 of P.L.2023, c.120 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 2024 Clean Water Project Eligibility List": Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount Musconetcong SA S340384-09 $4,650,000 $6,200,000 Oakland Borough S340418-06 $5,790,000 $7,720,000 Rahway Valley SA S340547-17 [$4,350,000] $4,500,000 [$5,800,000] $6,000,000 Mendham Borough S340159-04 $2,625,000 $3,500,000 Camden County MUA S340640-29 $9,525,000 $12,700,000 Montgomery Township S340130-03 [$16,500,000] $21,750,000 [$22,000,000] $29,000,000 Newark City S340815-26 $3,300,000 $4,400,000 Camden City S340366-15 $9,997,500 $13,330,000 Camden City S230366-14 $7,027,500 $9,370,000 Camden City S340366-07 $7,500,000 $10,000,000 [Camden City S340366-15 $9,997,500 $13,330,000] Middlesex County UA S340699-18 $14,250,000 $19,000,000 Middlesex County UA S340699-17 $19,500,000 $26,000,000 Jersey City MUA S340928-40 $6,000,000 $8,000,000 Jersey City MUA S340928-21 $9,750,000 $13,000,000 Jersey City MUA S340928-24 $93,750,000 $125,000,000 Elizabeth City S340942-20 [$7,725,000] $17,250,000 [$10,300,000] $23,000,000 Elizabeth City S345070-01 $3,000,001 $4,000,001 Camden County MUA S340640-33 $21,750,000 $29,000,000 Bayonne City S340399-31 $3,750,000 $5,000,000 Kearny Town S340259-11 $12,750,000 $17,000,000 Long Branch SA S340336-08 $1,305,525 $1,740,700 Bayshore RSA S340697-07 $23,625,000 $31,500,000 Ocean County UA S340372-64 $37,500,000 $50,000,000 Mount Laurel Township MUA S340943-06 $7,875,000 $10,500,000 North Hudson SA S340952-40 $17,625,000 $23,500,000 North Hudson SA S340952-33 $20,250,000 $27,000,000 North Hudson SA S340952-39 $13,500,000 $18,000,000 [Riverside SA S340490-01 $630,000 $840,000] Perth Amboy City S340435-19 $300,000 $400,000 Perth Amboy City S345220-01 $2,437,500 $3,250,000 Hackensack City S340923-13 $12,750,000 $17,000,000 Hackensack City S340923-16 $10,500,000 $14,000,000 Passaic Valley SC S340689-37 $91,125,000 $121,500,000 Passaic Valley SC S340689-44 $18,000,000 $24,000,000 Passaic Valley SC S340689-53 $13,650,000 $18,200,000 Passaic Valley SC S340689-52 $50,250,000 $67,000,000 Passaic Valley SC S345200-01 $7,500,000 $10,000,000 Passaic Valley SC S340689-49 $222,102,676 $296,136,901 Passaic Valley SC S340689-33 $80,250,000 $107,000,000 Pennsville SA S340870-05 $3,000,000 $4,000,000 Beach Haven Borough S344220-01 $2,700,000 $3,600,000 Logan Township MUA S340123-02 $9,000,000 $12,000,000 Bergen County UA S340386-21 $5,700,000 $7,600,000 Bergen County UA S340386-23 [$37,500,000] $45,000,000 [$50,000,000] $60,000,000 Bergen County UA S340386-24 $1,462,500 $1,950,000 Linden Roselle SA S340299-08 $20,250,000 $27,000,000 Raritan Township MUA S340485-13 $1,500,000 $2,000,000 Passaic Valley SC S340689-50 $6,600,000 $8,800,000 Wanaque Valley RSA S340780-05 $8,625,000 $11,500,000 Gloucester County UA S340902-15 $10,875,000 $14,500,000 Stony Brook RSA S340400-11 $16,500,000 $22,000,000 Evesham MUA S340838-09 [$375,000] $562,500 [$500,000] $750,000 Bergen County UA S340386-26 $4,500,000 $6,000,000 Ocean County S344080-10 $187,500 $250,000 Ocean County S344080-11 $262,500 $350,000 Rockaway Valley RSA S340821-08 $11,625,000 $15,500,000 Wildwood City S340664-06 $12,000,000 $16,000,000 Passaic Valley SC S340689-57 $15,300,000 $20,400,000 New Jersey Water Supply Authority S340421-02 $71,250,000 $95,000,000 Camden County MUA S340640-36 $11,625,000 $15,500,000 Hamilton Township S340898-06 $3,037,500 $4,050,000 Long Branch SA S340336-09 $4,200,000 $5,600,000 Stafford Township S340946-08 $2,625,000 $3,500,000 Stafford Township S340946-09 $3,510,000 $4,680,000 Metuchen Borough S340360-02 $6,750,000 $9,000,000 Somerville Borough S340551-01 $2,775,000 $3,700,000 Manasquan River RSA S340911-03 $495,000 $660,000 Stafford Township S340946-10 $6,375,000 $8,500,000 Vernon Township S340745-03 $2,271,750 $3,029,000 Delanco SA S340956-03 [$1,186,500] $1,725,000 [$1,582,000] $2,300,000 Bergen County UA S340386-25 $3,000,000 $4,000,000 Monmouth County Bayshore Outfall Authority S340325-04 $2,625,000 $3,500,000 Monmouth County Bayshore Outfall Authority S340325-04a $2,625,000 $3,500,000 Camden County MUA S340640-30 $5,625,000 $7,500,000 Rockaway Valley RSA S340821-10 $6,375,000 $8,500,000 Toms River MUA S340145-07 $6,750,000 $9,000,000 Toms River MUA S340145-08 $1,018,800 $1,358,400 [Two Rivers Water Reclamation Authority S340117-10 $2,475,000 $3,300,000] Pleasantville City S340752-04 $3,246,413 $4,328,550 Brick Township MUA S340448-13 $3,450,000 $4,600,000 Northwest Bergen County UA S340700-19 $6,099,338 $8,132,450 Franklin Township SA S340839-09 $5,700,000 $7,600,000 Parsippany Troy Hills Township S340886-05 $8,888,126 $11,850,835 Mount Laurel Township MUA S340943-07 [$2,400,000] $6,000,000 [$3,200,000] $8,000,000 North Brunswick Township S340888-03 $2,475,000 $3,300,000 North Brunswick Township S340888-04 [$1,912,500] $2,625,000 [$2,550,000] $3,500,000 Winslow Township S340895-10 $1,287,750 $1,717,000 Scotch Plains Township S340512-01 $2,025,000 $2,700,000 Hopewell Township S340282-03 $1,230,000 $1,640,000 Princeton S340656-11 $2,944,259 $3,925,678 Mantua Township MUA S340514-01 $2,007,375 $2,676,500 Mantua Township MUA S340514-03 $1,022,625 $1,363,500 Berkeley Heights Township S340385-08 $525,000 $700,000 Middlesex Borough S340698-03 $900,000 $1,200,000 Pennsville SA S340870-04 $1,200,000 $1,600,000 South Monmouth RSA S340377-06 $1,725,000 $2,300,000 North Haledon Borough S340229-02 $75,000 $100,000 North Haledon Borough S340229-01 $1,875,000 $2,500,000 [North Haledon Borough S340229-02 $75,000 $100,000] Haddon Heights Borough S340877-02 $487,500 $650,000 Emerson Borough S340497-01 $75,000 $100,000 Emerson Borough S340497-02 $525,000 $700,000 Mount Arlington Borough S340451-05 $412,500 $550,000 Highlands Borough S340901-05 $6,375,000 $8,500,000 Medford Lakes Borough S340319-03 $8,250,000 $11,000,000 Mendham Borough S340159-03 $2,775,000 $3,700,000 Hamburg Borough S340149-03 $75,000 $100,000 Hamburg Borough S340149-04 [$600,000] $750,000 [$800,000] $1,000,000 Long Beach Township S340023-09 $4,923,750 $6,565,000 Borough of Wenonah S340531-01 $997,500 $1,330,000 Clinton Township SA S340873-04 $1,875,000 $2,500,000 Ship Bottom Borough S340311-05 $3,750,000 $5,000,000 Fieldsboro Borough S340522-01 [$1,200,000] $1,275,000 [$1,600,000] $1,700,000 North Bergen Township S340652-17 $3,225,000 $4,300,000 Willingboro MUA S340132-10 $13,650,000 $18,200,000 Passaic Valley SC S340689-45 $7,657,577 $10,210,102 Passaic Valley SC S340689-46 $51,750,000 $69,000,000 Passaic Valley SC S340689-54 $16,950,000 $22,600,000 Montville Township S340931-04 $2,625,000 $3,500,000 Hackensack City S340923-15 $1,200,000 $1,600,000 Camden County MUA S340640-26 $21,150,000 $28,200,000 Lower Township MUA S340810-05 $22,500,000 $30,000,000 Newtown Town S340449-04 $1,875,000 $2,500,000 Little Egg Harbor Township S340579-04 $1,530,000 $2,040,000 Gloucester Township S340364-11 $712,500 $950,000 Gloucester Township S340364-15 $1,087,500 $1,450,000 Northfield City S340508-02 $112,500 $150,000 Jersey City MUA S340928-32 [$9,225,000] $11,250,000 [$12,300,000] $15,000,000 Trenton City S340416-14 $18,000,000 $24,000,000 Atlantic City MUA S340439-04 $2,300,000 $3,066,667 East Orange City S340843-03 $12,825,000 $17,100,000 Cumberland County Improvement Authority S342015-04 $4,439,778 $5,919,704 Sussex County MUA S342008-06 $32,250,000 $43,000,000 Burlington City S340140-02 $1,950,000 $2,600,000 Bloomfield Township S340516-01 $5,423,228 $7,230,970 South Orange Village S340103-02 $2,002,500 $2,670,000 Brick Township MUA S340448-14 $1,500,000 $2,000,000 West Deptford Township S340947-06 $3,540,000 $4,720,000 Bordentown City S340219-04 [$2,250,000] $3,000,000 [$3,000,000] $4,000,000 Ship Bottom Borough S340311-04 $2,062,500 $2,750,000 Total Projects: [116] 137 [$913,836,380] $1,563,683,971 [$1,218,448,507] $2,084,911,958 (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 2024 Drinking Water Project Eligibility List": Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount Trenton City 1111001-011 $15,255,000 $20,340,000 Passaic Valley Water Commission 1605002-002 $54,000,000 $72,000,000 [Orange City 0717001-011 $1,162,500 $1,550,000] Orange City 0717001-013 [$525,000] $975,000 [$700,000] $1,300,000 Newark City 0714001-022 [$17,250,000] $18,000,000 [$23,000,000] $24,000,000 Bloomfield Township 0702001-003 $823,796 $1,098,395 Red Bank Borough 1340001-004 $6,600,000 $8,800,000 Trenton City 1111001-005 $23,328,750 $31,105,000 Hopatcong Borough 1912001-002 [$1,050,000] $1,500,000 [$1,400,000] $2,000,000 Bloomfield Township 0702001-004 $3,000,000 $4,000,000 Bloomfield Township 0702001-005 $6,000,000 $8,000,000 Jersey City MUA 0906001-035 $116,250,000 $155,000,000 National Park Borough 0812001-005 $1,350,000 $1,800,000 Ridgewood Village 0251001-001 $60,000,000 $80,000,000 Belleville Township 0701001-008 $2,676,564 $3,568,752 Livingston Township 0710001-003 $13,500,000 $18,000,000 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 Brick Township MUA 1506001-011 $15,667,500 $20,890,000 East Orange City 0705001-014 $24,750,000 $33,000,000 High Bridge Borough 1014001-004 $1,500,000 $2,000,000 Merchantville Pennsauken Water Commission 0424001-004 $6,525,000 $8,700,000 East Greenwich 0803001-004 $4,500,000 $6,000,000 Jersey City MUA 0906001-017 $1,305,180 $1,740,240 NJ American Water Company, Incorporated 2004002-012 [$15,000,000] $71,250,000 [$20,000,000] $95,000,000 Hackettstown MUA 2108001-002 $757,500 $1,010,000 Jersey City MUA 0906001-019 $5,025,000 $6,700,000 Wildwood City 0514001-006 $4,637,403 $6,183,204 Lower Township MUA 0505002-004 $9,000,000 $12,000,000 [Seaside Park Borough 1527001-004 $1,125,000 $1,500,000] Brick Township MUA 1506001-014 $2,700,000 $3,600,000 Hawthorne Borough 1604001-002 [$3,750,000] $7,500,000 [$5,000,000] $10,000,000 Hightstown Borough 1104001-009 $712,500 $950,000 Jersey City MUA 0906001-025 $26,250,000 $35,000,000 Willingboro MUA 0338001-010 $5,400,000 $7,200,000 Jersey City MUA 0906001-009 $3,750,000 $5,000,000 NJ American Water Company, Incorporated 0712001-016 $21,210,000 $28,280,000 Old Bridge MUA 1209002-005 [$2,025,000] $2,925,000 [$2,700,000] $3,900,000 Clinton Town 1005001-010 [$1,980,000] $3,000,000 [$2,640,000] $4,000,000 Point Pleasant Beach Borough 1525001-002 $2,625,000 $3,500,000 Jersey City MUA 0906001-020 $4,965,000 $6,620,000 Jersey City MUA 0906001-021 $8,250,000 $11,000,000 Allentown Borough 1302001-004 $1,746,720 $2,328,960 Jersey City MUA 0906001-015 $2,691,950 $3,589,266 Brick Township MUA 1506001-008 $4,912,500 $6,550,000 Stone Harbor Borough 0510001-001 $9,000,000 $12,000,000 Hightstown Borough 1104001-011 $825,000 $1,100,000 Hoboken City 0905001-003 $7,500,000 $10,000,000 Shore Water Company 1505003-001 $750,000 $1,000,000 Ship Bottom Borough 1528001-004 $3,150,000 $4,200,000 Lakehurst Borough 1513001-002 $900,000 $1,200,000 East Windsor MUA 1101002-005 $1,500,000 $2,000,000 Clinton Town 1005001-012 $2,625,000 $3,500,000 Long Beach Township 1517001-015 $3,119,401 $4,159,201 Allentown Borough 1302001-002 $411,825 $549,100 Farmingdale Borough 1314001-002 $680,250 $907,000 Roosevelt Borough 1314001-003 $600,000 $800,000 Roosevelt Borough 1314001-008 $750,000 $1,000,000 Robbinsville Township 1112001-001 $1,650,000 $2,200,000 Marlboro Township 1328002-003 $1,285,500 $1,714,000 Clinton Town 1005001-013 $2,250,000 $3,000,000 Washington Township MUA 1438004-001 $3,750,000 $5,000,000 Winslow Township 0436007-010 [$2,868,750] $3,000,000 [$3,825,000] $4,000,000 Mount Arlington Borough 1426005-001 $1,575,000 $2,100,000 Tuckerton Borough 1532002-001 $225,000 $300,000 Willingboro MUA 0338001-005 $1,500,000 $2,000,000 Hopatcong Borough 1912001-004 $75,000 $100,000 Lavallette Borough 1515001-002 $2,850,000 $3,800,000 High Bridge Borough 1014001-001 $75,000 $100,000 Total Projects: [48] 70 [$320,030,299] $645,362,339 [$426,707,065] $860,483,118 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 2024 financing program. (cf: P.L.2023, c.120, s.3) 4. Section 4 of P.L.2023, c.120 is amended to read as follows: 4. Any financing loan made by the department pursuant to [this act] P.L.2023, c.120, 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.2023, c.120, 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 2024 financing program; c. Notwithstanding the provisions of sections 2 and 3 of [this act] P.L.2023, c.120, 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), prior to June 30, [2023] 2024; 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.2023, c.120, 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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); and 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 Fund 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. (cf: P.L.2023, c.120, s.4) 5. Section 5 of P.L.2023, c.120 is amended to read as follows: 5. Any Sandy financing loan made by the department pursuant to [this act] P.L.2023, c.120, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), to loans made by the trust pursuant to P.L.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), prior to June 30, 2024, 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). (cf: P.L.2023, c.120, s.5) 6. Section 6 of P.L.2023, c.120 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall expire on July 1, 2024, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall no longer be entitled to that loan. (cf: P.L.2023, c.120, s.6) 7. Section 7 of P.L.2023, c.120 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.2023, c.120, 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.2023, c.120, 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. (cf: P.L.2023, c.120, s.7) 8. Section 8 of P.L.2023, c.120 is amended to read as follows: 8. The expenditure of the funds appropriated by [this act] P.L.2023, c.120, 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.1085, 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. (cf: P.L.2023, c.120, s.8) 9. Section 10 of P.L.2023, c.120 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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, or P.L.2023, c.120, 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, or P.L.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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. (cf: P.L.2023, c.120, s.10) 10. Section 13 of P.L.2023, c.120 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 P.L.2023, c.120, 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). (cf: P.L.2023, c.120, s.13) 11. This act shall take effect immediately. STATEMENT This bill would amend P.L.2023, c.120 to amend the lists of environmental infrastructure projects for which the Legislature has appropriated funds to the Department of Environmental Protection (DEP) for State fiscal year 2024. In July 2023, P.L.2023, c.120 was enacted into law, which appropriated funds to the DEP for the purpose of financing approximately $1.78 billion in Storm Sandy and other environmental infrastructure projects through the New Jersey Infrastructure Bank (NJIB) in FY 2024. This bill would amend the lists of environmental infrastructure projects for which the DEP is appropriated funds pursuant to P.L.2023, c.120 to include new projects, remove projects, modify the priority of certain projects, and modify the loan amounts for certain projects, as enumerated in subsections a. and b. of section 3 of the bill. As amended by the bill, P.L.2023, c.120 would appropriate to the DEP up to $3.08 billion, and any unexpended balances from previous authorizations, to provide loans to project sponsors for a total of 223 eligible environmental infrastructure projects for FY 2024. This would include 137 projects on the "Storm Sandy and State Fiscal Year 2024 Clean Water Project Eligibility List" and 70 projects on the "Storm Sandy and State Fiscal Year 2024 Drinking Water Project Eligibility List." The bill would also give the DEP the explicit authority to use funds in the "Pinelands Infrastructure Trust Fund" established pursuant to section 14 of the "Pinelands Infrastructure Trust Bond Act of 1985," P.L.1985, c.302, for drinking water projects. The bill would require such drinking water projects to 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.
6262
6363 An Act concerning the financing of environmental infrastructure projects in Fiscal Year 2024 and amending P.L.2023, c.120.
6464
6565
6666
6767 Be It Enacted by the Senate and General Assembly of the State of New Jersey:
6868
6969
7070
7171 1. Section 1 of P.L.2023, c.120 is amended to read as follows:
7272
7373 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 2023 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.
7474
7575 (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.
7676
7777 (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.
7878
7979 (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 2023 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.
8080
8181 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.
8282
8383 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.
8484
8585 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.
8686
8787 Notwithstanding any provision of [this act] P.L.2023, c.120, 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.
8888
8989 (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, 2024, 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.
9090
9191 (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, 2024, 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.
9292
9393 (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, 2024, 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.
9494
9595 (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, 2024, 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.
9696
9797 (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, 2024, 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.
9898
9999 (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, 2024, 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.
100100
101101 (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, 2024, for the purposes of drinking water project loans.
102102
103103 (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.
104104
105105 (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, 2024, 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.
106106
107107 (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.
108108
109109 (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, 2024, 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.
110110
111111 (16) There is appropriated to the department such sums as may be available on or before June 30, 2024, 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.
112112
113113 (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, 2024, 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.
114114
115115 (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, 2024, 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.
116116
117117 (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, 2024, 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.
118118
119119 (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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), as may be available on or before June 30, 2024, 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.
120120
121121 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.2023, c.120, 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.2023, c.120, 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.
122122
123123 (21) Of the $60 million appropriated to the department for the capital construction of drinking water infrastructure by the State fiscal year 2023 appropriations act, P.L.2022, c.49, plus any appropriated funds designated in State fiscal years 2021 and 2022, 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.
124124
125125 (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 2024 appropriations act, P.L.2023, c.74, the department is authorized to utilize up to $40 million for principal forgiveness loans to disadvantaged communities for planning and design costs associated with clean water or drinking water environmental infrastructure projects.
126126
127127 (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 2024 appropriations act, P.L.2023, c.74, the department is authorized to utilize up to $40 million for project loans to disadvantaged communities participating in the department's technical assistance program.
128128
129129 (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, 2024.
130130
131131 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
132132
133133 (1) A maximum of $30 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2023 for combined sewer overflow projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 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 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate.
134134
135135 (2) A maximum of $30 million in principal forgiveness, plus any appropriated but unallocated funds designated in State fiscal year 2023 for combined sewer overflow projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 not exceed $5 million per borrower whenever practicable. For project costs up to and including $5 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $5 million and up to and including $10 million, the loan shall have a blended interest rate of 50 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. For project costs greater than $10 million up to and including $20 million, the loan shall have the terms as provided in paragraph (4) of this subsection applicable to clean water projects sponsored by applicants that meet the "Clean Water State Revolving Fund" affordability criteria.
136136
137137 (3) A maximum of $6 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023 for water quality restoration projects, shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 $2.5 million per borrower whenever practicable. For project costs up to and including $5 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 $5 million and up to and including $10 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate.
138138
139139 (4) A maximum of $36 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, 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.2023, c.120, 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 not exceed $2 million per borrower whenever practicable. For project costs up to and including $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $10 million, 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate.
140140
141141 (5) A maximum of $18 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, for water and energy efficiency projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 and up to and including $10 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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate.
142142
143143 (6) A maximum of $9 million in principal forgiveness loans for emerging contaminant projects shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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. 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 $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $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 for the first $10 million in allowable costs. For project costs greater than $10 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate.
144144
145145 (7) A maximum of $4 million in principal forgiveness loans, plus any appropriated but unallocated funds designated in State fiscal year 2023, 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.
146146
147147 (8) Of the sums appropriated to the department by the federal "American Rescue Plan Act," Pub.L. 117-2, a maximum of $148 million in principal forgiveness loans shall be issued as provided in subsection a. of section 3 of [this act] P.L.2023, c.120, 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 are listed on combined sewer outfall long term control plans. Eighty 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.
148148
149149 (9) The projects listed in subsection a. of section 2 of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), and subsection a. of section 3 of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), that were previously identified in P.L.2022, c.99, as amended by P.L.2023, c.6, are granted continued priority status and shall be subject to the provisions of P.L.2022, c.99, as amended by P.L.2023, c.6, provided such projects receive short-term funding prior to June 30, 2023.
150150
151151 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.2023, c.120, 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:
152152
153153 (1) up to $4 million of Drinking Water State Revolving Fund loans, plus any appropriated but unallocated funds designated in State fiscal year 2023 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 $500,000 in the aggregate and shall not exceed 50 percent of the total loan amount per project sponsor in an amount not to exceed $1 million per project sponsor;
154154
155155 (2) up to $5 million in principal forgiveness loans shall be available for drinking water systems that serve fewer than 1,000 persons, have been assisted by the Community Engineering Corps, and do not meet credit eligibility requirements of the Water Bank Financing Program credit policy. A loan issued pursuant to this paragraph shall have 100 percent principal forgiveness for a loan amount of up to $1 million per applicant;
156156
157157 (3) a maximum of $13 million of principal forgiveness loans 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 $2 million per applicant;
158158
159159 (4) up to $7 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. 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 $2 million, 100 percent of the principal of the loan shall be forgiven. For project costs greater than $2 million and up to and including $4 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs greater than $4 million and up to and including $10 million, the loan shall have a blended interest rate of 25 percent of the trust's market rate;
160160
161161 (5) up to $25 million plus any appropriated but unallocated funds designated in State fiscal year 2023, and up to $10 million of the sums appropriated to the department by the federal "Infrastructure Investment and Jobs Act," Pub.L. 117-58, 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, for which 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 $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 and up to and including $20 million, the loan shall have a blended interest rate of 25 percent of the trust's market rate. For project costs greater than $20 million and up to and including $40 million, the loan shall have a blended interest rate of 50 percent of the trust's market rate. For project costs over $40 million, the loan may be financed at 100 percent of the trust's market rate, as capacity allows; and
162162
163163 (6) A maximum of $20 million of the sums appropriated to the department from the federal "American Rescue Plan Act," Pub.L. 117-2, plus any appropriated but unallocated funds designated in State fiscal year 2023, may be issued to drinking water systems for principal forgiveness loans for projects that address climate change concerns and ensure long-term drinking water resilience in New Jersey, or for projects for the installation of treatment systems to address multiple maximum contaminant level violations at one drinking water system that meets the affordability criteria of the department. The amount of principal forgiveness issued pursuant to this paragraph shall not exceed $20 million per borrower whenever practicable. For project costs up to and including $25 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.
164164
165165 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.2023, c.120, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
166166
167167 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.
168168
169169 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.2023, c.120, 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, [and] P.L.2022, c.99, as amended by P.L.2023, c.6, and P.L.2023, c.120, 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, [and] P.L.2022, c.99, as amended by P.L.2023, c.6, and P.L.2023, c.120, 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 2023 and State fiscal year 2024 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.
170170
171171 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.2023, c.120, 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.2023, c.120, 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.2023, c.120, 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.
172172
173173 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.
174174
175175 g. For the purposes of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill):
176176
177177 "Department" means the Department of Environmental Protection.
178178
179179 "Federal Disaster Relief Appropriations Act" means the "Disaster Relief Appropriations Act, 2013," Pub.L.113-2, and any amendatory and supplementary acts thereto.
180180
181181 "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.
182182
183183 "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).
184184
185185 "Trust" means the New Jersey Infrastructure Bank created pursuant to section 4 of P.L.1985, c.334 (C.58:11B-4).
186186
187187 (cf: P.L.2023, c.120, s.1)
188188
189189
190190
191191 2. Section 2 of P.L.2023, c.120 is amended to read as follows:
192192
193193 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:
194194
195195
196196
197197 Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount
198198 [Clinton Town S340924-07R $600,000 $800,000]
199199 Hoboken City S340635-06R $30,000,000 $40,000,000
200200 Jersey City MUA S340928-15R $2,625,000 $3,500,000
201201 Newark City S340815-24R $15,750,000 $21,000,000
202202 North Bergen MUA S340652-14R $6,150,000 $8,200,000
203203 Ocean Township SA S340750-14R $1,500,000 $2,000,000
204204 Passaic Valley SC S340689-40R $1,125,000 $1,500,000
205205 Paterson City S340850-03-1 $1,912,500 $2,550,000
206206 Plumsted Township S340607-03R $7,500,000 $10,000,000
207207 Rutgers University S340500-01R $3,150,000 $4,200,000
208208 Somerville Borough S342013-01-1 $1,387,500 $1,850,000
209209 Total Projects: [11] 10 [$71,700,000] $71,100,000 [$95,600,000] $94,800,000
210210
211211 Project Sponsor
212212
213213 Project Number
214214
215215 Estimated Allowable DEP Loan Amount
216216
217217 Estimated Total Loan Amount
218218
219219 [Clinton Town
220220
221221 S340924-07R
222222
223223 $600,000
224224
225225 $800,000]
226226
227227 Hoboken City
228228
229229 S340635-06R
230230
231231 $30,000,000
232232
233233 $40,000,000
234234
235235 Jersey City MUA
236236
237237 S340928-15R
238238
239239 $2,625,000
240240
241241 $3,500,000
242242
243243 Newark City
244244
245245 S340815-24R
246246
247247 $15,750,000
248248
249249 $21,000,000
250250
251251 North Bergen MUA
252252
253253 S340652-14R
254254
255255 $6,150,000
256256
257257 $8,200,000
258258
259259 Ocean Township SA
260260
261261 S340750-14R
262262
263263 $1,500,000
264264
265265 $2,000,000
266266
267267 Passaic Valley SC
268268
269269 S340689-40R
270270
271271 $1,125,000
272272
273273 $1,500,000
274274
275275 Paterson City
276276
277277 S340850-03-1
278278
279279 $1,912,500
280280
281281 $2,550,000
282282
283283 Plumsted Township
284284
285285 S340607-03R
286286
287287 $7,500,000
288288
289289 $10,000,000
290290
291291 Rutgers University
292292
293293 S340500-01R
294294
295295 $3,150,000
296296
297297 $4,200,000
298298
299299 Somerville Borough
300300
301301 S342013-01-1
302302
303303 $1,387,500
304304
305305 $1,850,000
306306
307307 Total Projects: [11] 10
308308
309309 [$71,700,000] $71,100,000
310310
311311 [$95,600,000] $94,800,000
312312
313313
314314
315315 (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.2023, c.120, 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 2008, [2017, 2018,] 2019, 2020, 2021, 2022, and 2023 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
316316
317317 (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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
318318
319319 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:
320320
321321
322322
323323 Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount
324324 National Park Borough 0812001-004R $750,000 $1,000,000
325325 North Jersey District WSC 1613001-025R $19,125,000 $25,500,000
326326 Total Projects: 2 $19,875,000 $26,500,000
327327
328328 Project Sponsor
329329
330330 Project Number
331331
332332 Estimated Allowable DEP Loan Amount
333333
334334 Estimated Total Loan Amount
335335
336336 National Park Borough
337337
338338 0812001-004R
339339
340340 $750,000
341341
342342 $1,000,000
343343
344344 North Jersey District WSC
345345
346346 1613001-025R
347347
348348 $19,125,000
349349
350350 $25,500,000
351351
352352 Total Projects: 2
353353
354354 $19,875,000
355355
356356 $26,500,000
357357
358358
359359
360360 (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.2023, c.120, 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 [2017, 2019 and] 2020 and 2022 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
361361
362362 (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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill).
363363
364364 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 2024 financing program.
365365
366366 (cf: P.L.2023, c.120, s.2)
367367
368368
369369
370370 3. Section 3 of P.L.2023, c.120 is amended to read as follows:
371371
372372 3. a. (1) The following environmental infrastructure projects shall be known and may be cited as the "Storm Sandy and State Fiscal Year 2024 Clean Water Project Eligibility List":
373373
374374
375375
376376 Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount
377377 Musconetcong SA S340384-09 $4,650,000 $6,200,000
378378 Oakland Borough S340418-06 $5,790,000 $7,720,000
379379 Rahway Valley SA S340547-17 [$4,350,000] $4,500,000 [$5,800,000] $6,000,000
380380 Mendham Borough S340159-04 $2,625,000 $3,500,000
381381 Camden County MUA S340640-29 $9,525,000 $12,700,000
382382 Montgomery Township S340130-03 [$16,500,000] $21,750,000 [$22,000,000] $29,000,000
383383 Newark City S340815-26 $3,300,000 $4,400,000
384384 Camden City S340366-15 $9,997,500 $13,330,000
385385 Camden City S230366-14 $7,027,500 $9,370,000
386386 Camden City S340366-07 $7,500,000 $10,000,000
387387 [Camden City S340366-15 $9,997,500 $13,330,000]
388388 Middlesex County UA S340699-18 $14,250,000 $19,000,000
389389 Middlesex County UA S340699-17 $19,500,000 $26,000,000
390390 Jersey City MUA S340928-40 $6,000,000 $8,000,000
391391 Jersey City MUA S340928-21 $9,750,000 $13,000,000
392392 Jersey City MUA S340928-24 $93,750,000 $125,000,000
393393 Elizabeth City S340942-20 [$7,725,000] $17,250,000 [$10,300,000] $23,000,000
394394 Elizabeth City S345070-01 $3,000,001 $4,000,001
395395 Camden County MUA S340640-33 $21,750,000 $29,000,000
396396 Bayonne City S340399-31 $3,750,000 $5,000,000
397397 Kearny Town S340259-11 $12,750,000 $17,000,000
398398 Long Branch SA S340336-08 $1,305,525 $1,740,700
399399 Bayshore RSA S340697-07 $23,625,000 $31,500,000
400400 Ocean County UA S340372-64 $37,500,000 $50,000,000
401401 Mount Laurel Township MUA S340943-06 $7,875,000 $10,500,000
402402 North Hudson SA S340952-40 $17,625,000 $23,500,000
403403 North Hudson SA S340952-33 $20,250,000 $27,000,000
404404 North Hudson SA S340952-39 $13,500,000 $18,000,000
405405 [Riverside SA S340490-01 $630,000 $840,000]
406406 Perth Amboy City S340435-19 $300,000 $400,000
407407 Perth Amboy City S345220-01 $2,437,500 $3,250,000
408408 Hackensack City S340923-13 $12,750,000 $17,000,000
409409 Hackensack City S340923-16 $10,500,000 $14,000,000
410410 Passaic Valley SC S340689-37 $91,125,000 $121,500,000
411411 Passaic Valley SC S340689-44 $18,000,000 $24,000,000
412412 Passaic Valley SC S340689-53 $13,650,000 $18,200,000
413413 Passaic Valley SC S340689-52 $50,250,000 $67,000,000
414414 Passaic Valley SC S345200-01 $7,500,000 $10,000,000
415415 Passaic Valley SC S340689-49 $222,102,676 $296,136,901
416416 Passaic Valley SC S340689-33 $80,250,000 $107,000,000
417417 Pennsville SA S340870-05 $3,000,000 $4,000,000
418418 Beach Haven Borough S344220-01 $2,700,000 $3,600,000
419419 Logan Township MUA S340123-02 $9,000,000 $12,000,000
420420 Bergen County UA S340386-21 $5,700,000 $7,600,000
421421 Bergen County UA S340386-23 [$37,500,000] $45,000,000 [$50,000,000] $60,000,000
422422 Bergen County UA S340386-24 $1,462,500 $1,950,000
423423 Linden Roselle SA S340299-08 $20,250,000 $27,000,000
424424 Raritan Township MUA S340485-13 $1,500,000 $2,000,000
425425 Passaic Valley SC S340689-50 $6,600,000 $8,800,000
426426 Wanaque Valley RSA S340780-05 $8,625,000 $11,500,000
427427 Gloucester County UA S340902-15 $10,875,000 $14,500,000
428428 Stony Brook RSA S340400-11 $16,500,000 $22,000,000
429429 Evesham MUA S340838-09 [$375,000] $562,500 [$500,000] $750,000
430430 Bergen County UA S340386-26 $4,500,000 $6,000,000
431431 Ocean County S344080-10 $187,500 $250,000
432432 Ocean County S344080-11 $262,500 $350,000
433433 Rockaway Valley RSA S340821-08 $11,625,000 $15,500,000
434434 Wildwood City S340664-06 $12,000,000 $16,000,000
435435 Passaic Valley SC S340689-57 $15,300,000 $20,400,000
436436 New Jersey Water Supply Authority S340421-02 $71,250,000 $95,000,000
437437 Camden County MUA S340640-36 $11,625,000 $15,500,000
438438 Hamilton Township S340898-06 $3,037,500 $4,050,000
439439 Long Branch SA S340336-09 $4,200,000 $5,600,000
440440 Stafford Township S340946-08 $2,625,000 $3,500,000
441441 Stafford Township S340946-09 $3,510,000 $4,680,000
442442 Metuchen Borough S340360-02 $6,750,000 $9,000,000
443443 Somerville Borough S340551-01 $2,775,000 $3,700,000
444444 Manasquan River RSA S340911-03 $495,000 $660,000
445445 Stafford Township S340946-10 $6,375,000 $8,500,000
446446 Vernon Township S340745-03 $2,271,750 $3,029,000
447447 Delanco SA S340956-03 [$1,186,500] $1,725,000 [$1,582,000] $2,300,000
448448 Bergen County UA S340386-25 $3,000,000 $4,000,000
449449 Monmouth County Bayshore Outfall Authority S340325-04 $2,625,000 $3,500,000
450450 Monmouth County Bayshore Outfall Authority S340325-04a $2,625,000 $3,500,000
451451 Camden County MUA S340640-30 $5,625,000 $7,500,000
452452 Rockaway Valley RSA S340821-10 $6,375,000 $8,500,000
453453 Toms River MUA S340145-07 $6,750,000 $9,000,000
454454 Toms River MUA S340145-08 $1,018,800 $1,358,400
455455 [Two Rivers Water Reclamation Authority S340117-10 $2,475,000 $3,300,000]
456456 Pleasantville City S340752-04 $3,246,413 $4,328,550
457457 Brick Township MUA S340448-13 $3,450,000 $4,600,000
458458 Northwest Bergen County UA S340700-19 $6,099,338 $8,132,450
459459 Franklin Township SA S340839-09 $5,700,000 $7,600,000
460460 Parsippany Troy Hills Township S340886-05 $8,888,126 $11,850,835
461461 Mount Laurel Township MUA S340943-07 [$2,400,000] $6,000,000 [$3,200,000] $8,000,000
462462 North Brunswick Township S340888-03 $2,475,000 $3,300,000
463463 North Brunswick Township S340888-04 [$1,912,500] $2,625,000 [$2,550,000] $3,500,000
464464 Winslow Township S340895-10 $1,287,750 $1,717,000
465465 Scotch Plains Township S340512-01 $2,025,000 $2,700,000
466466 Hopewell Township S340282-03 $1,230,000 $1,640,000
467467 Princeton S340656-11 $2,944,259 $3,925,678
468468 Mantua Township MUA S340514-01 $2,007,375 $2,676,500
469469 Mantua Township MUA S340514-03 $1,022,625 $1,363,500
470470 Berkeley Heights Township S340385-08 $525,000 $700,000
471471 Middlesex Borough S340698-03 $900,000 $1,200,000
472472 Pennsville SA S340870-04 $1,200,000 $1,600,000
473473 South Monmouth RSA S340377-06 $1,725,000 $2,300,000
474474 North Haledon Borough S340229-02 $75,000 $100,000
475475 North Haledon Borough S340229-01 $1,875,000 $2,500,000
476476 [North Haledon Borough S340229-02 $75,000 $100,000]
477477 Haddon Heights Borough S340877-02 $487,500 $650,000
478478 Emerson Borough S340497-01 $75,000 $100,000
479479 Emerson Borough S340497-02 $525,000 $700,000
480480 Mount Arlington Borough S340451-05 $412,500 $550,000
481481 Highlands Borough S340901-05 $6,375,000 $8,500,000
482482 Medford Lakes Borough S340319-03 $8,250,000 $11,000,000
483483 Mendham Borough S340159-03 $2,775,000 $3,700,000
484484 Hamburg Borough S340149-03 $75,000 $100,000
485485 Hamburg Borough S340149-04 [$600,000] $750,000 [$800,000] $1,000,000
486486 Long Beach Township S340023-09 $4,923,750 $6,565,000
487487 Borough of Wenonah S340531-01 $997,500 $1,330,000
488488 Clinton Township SA S340873-04 $1,875,000 $2,500,000
489489 Ship Bottom Borough S340311-05 $3,750,000 $5,000,000
490490 Fieldsboro Borough S340522-01 [$1,200,000] $1,275,000 [$1,600,000] $1,700,000
491491 North Bergen Township S340652-17 $3,225,000 $4,300,000
492492 Willingboro MUA S340132-10 $13,650,000 $18,200,000
493493 Passaic Valley SC S340689-45 $7,657,577 $10,210,102
494494 Passaic Valley SC S340689-46 $51,750,000 $69,000,000
495495 Passaic Valley SC S340689-54 $16,950,000 $22,600,000
496496 Montville Township S340931-04 $2,625,000 $3,500,000
497497 Hackensack City S340923-15 $1,200,000 $1,600,000
498498 Camden County MUA S340640-26 $21,150,000 $28,200,000
499499 Lower Township MUA S340810-05 $22,500,000 $30,000,000
500500 Newtown Town S340449-04 $1,875,000 $2,500,000
501501 Little Egg Harbor Township S340579-04 $1,530,000 $2,040,000
502502 Gloucester Township S340364-11 $712,500 $950,000
503503 Gloucester Township S340364-15 $1,087,500 $1,450,000
504504 Northfield City S340508-02 $112,500 $150,000
505505 Jersey City MUA S340928-32 [$9,225,000] $11,250,000 [$12,300,000] $15,000,000
506506 Trenton City S340416-14 $18,000,000 $24,000,000
507507 Atlantic City MUA S340439-04 $2,300,000 $3,066,667
508508 East Orange City S340843-03 $12,825,000 $17,100,000
509509 Cumberland County Improvement Authority S342015-04 $4,439,778 $5,919,704
510510 Sussex County MUA S342008-06 $32,250,000 $43,000,000
511511 Burlington City S340140-02 $1,950,000 $2,600,000
512512 Bloomfield Township S340516-01 $5,423,228 $7,230,970
513513 South Orange Village S340103-02 $2,002,500 $2,670,000
514514 Brick Township MUA S340448-14 $1,500,000 $2,000,000
515515 West Deptford Township S340947-06 $3,540,000 $4,720,000
516516 Bordentown City S340219-04 [$2,250,000] $3,000,000 [$3,000,000] $4,000,000
517517 Ship Bottom Borough S340311-04 $2,062,500 $2,750,000
518518 Total Projects: [116] 137 [$913,836,380] $1,563,683,971 [$1,218,448,507] $2,084,911,958
519519
520520 Project Sponsor
521521
522522 Project Number
523523
524524 Estimated Allowable DEP Loan Amount
525525
526526 Estimated Total Loan Amount
527527
528528 Musconetcong SA
529529
530530 S340384-09
531531
532532 $4,650,000
533533
534534 $6,200,000
535535
536536 Oakland Borough
537537
538538 S340418-06
539539
540540 $5,790,000
541541
542542 $7,720,000
543543
544544 Rahway Valley SA
545545
546546 S340547-17
547547
548548 [$4,350,000] $4,500,000
549549
550550 [$5,800,000] $6,000,000
551551
552552 Mendham Borough
553553
554554 S340159-04
555555
556556 $2,625,000
557557
558558 $3,500,000
559559
560560 Camden County MUA
561561
562562 S340640-29
563563
564564 $9,525,000
565565
566566 $12,700,000
567567
568568 Montgomery Township
569569
570570 S340130-03
571571
572572 [$16,500,000] $21,750,000
573573
574574 [$22,000,000] $29,000,000
575575
576576 Newark City
577577
578578 S340815-26
579579
580580 $3,300,000
581581
582582 $4,400,000
583583
584584 Camden City
585585
586586 S340366-15
587587
588588 $9,997,500
589589
590590 $13,330,000
591591
592592 Camden City
593593
594594 S230366-14
595595
596596 $7,027,500
597597
598598 $9,370,000
599599
600600 Camden City
601601
602602 S340366-07
603603
604604 $7,500,000
605605
606606 $10,000,000
607607
608608 [Camden City
609609
610610 S340366-15
611611
612612 $9,997,500
613613
614614 $13,330,000]
615615
616616 Middlesex County UA
617617
618618 S340699-18
619619
620620 $14,250,000
621621
622622 $19,000,000
623623
624624 Middlesex County UA
625625
626626 S340699-17
627627
628628 $19,500,000
629629
630630 $26,000,000
631631
632632 Jersey City MUA
633633
634634 S340928-40
635635
636636 $6,000,000
637637
638638 $8,000,000
639639
640640 Jersey City MUA
641641
642642 S340928-21
643643
644644 $9,750,000
645645
646646 $13,000,000
647647
648648 Jersey City MUA
649649
650650 S340928-24
651651
652652 $93,750,000
653653
654654 $125,000,000
655655
656656 Elizabeth City
657657
658658 S340942-20
659659
660660 [$7,725,000] $17,250,000
661661
662662 [$10,300,000] $23,000,000
663663
664664 Elizabeth City
665665
666666 S345070-01
667667
668668 $3,000,001
669669
670670 $4,000,001
671671
672672 Camden County MUA
673673
674674 S340640-33
675675
676676 $21,750,000
677677
678678 $29,000,000
679679
680680 Bayonne City
681681
682682 S340399-31
683683
684684 $3,750,000
685685
686686 $5,000,000
687687
688688 Kearny Town
689689
690690 S340259-11
691691
692692 $12,750,000
693693
694694 $17,000,000
695695
696696 Long Branch SA
697697
698698 S340336-08
699699
700700 $1,305,525
701701
702702 $1,740,700
703703
704704 Bayshore RSA
705705
706706 S340697-07
707707
708708 $23,625,000
709709
710710 $31,500,000
711711
712712 Ocean County UA
713713
714714 S340372-64
715715
716716 $37,500,000
717717
718718 $50,000,000
719719
720720 Mount Laurel Township MUA
721721
722722 S340943-06
723723
724724 $7,875,000
725725
726726 $10,500,000
727727
728728 North Hudson SA
729729
730730 S340952-40
731731
732732 $17,625,000
733733
734734 $23,500,000
735735
736736 North Hudson SA
737737
738738 S340952-33
739739
740740 $20,250,000
741741
742742 $27,000,000
743743
744744 North Hudson SA
745745
746746 S340952-39
747747
748748 $13,500,000
749749
750750 $18,000,000
751751
752752 [Riverside SA
753753
754754 S340490-01
755755
756756 $630,000
757757
758758 $840,000]
759759
760760 Perth Amboy City
761761
762762 S340435-19
763763
764764 $300,000
765765
766766 $400,000
767767
768768 Perth Amboy City
769769
770770 S345220-01
771771
772772 $2,437,500
773773
774774 $3,250,000
775775
776776 Hackensack City
777777
778778 S340923-13
779779
780780 $12,750,000
781781
782782 $17,000,000
783783
784784 Hackensack City
785785
786786 S340923-16
787787
788788 $10,500,000
789789
790790 $14,000,000
791791
792792 Passaic Valley SC
793793
794794 S340689-37
795795
796796 $91,125,000
797797
798798 $121,500,000
799799
800800 Passaic Valley SC
801801
802802 S340689-44
803803
804804 $18,000,000
805805
806806 $24,000,000
807807
808808 Passaic Valley SC
809809
810810 S340689-53
811811
812812 $13,650,000
813813
814814 $18,200,000
815815
816816 Passaic Valley SC
817817
818818 S340689-52
819819
820820 $50,250,000
821821
822822 $67,000,000
823823
824824 Passaic Valley SC
825825
826826 S345200-01
827827
828828 $7,500,000
829829
830830 $10,000,000
831831
832832 Passaic Valley SC
833833
834834 S340689-49
835835
836836 $222,102,676
837837
838838 $296,136,901
839839
840840 Passaic Valley SC
841841
842842 S340689-33
843843
844844 $80,250,000
845845
846846 $107,000,000
847847
848848 Pennsville SA
849849
850850 S340870-05
851851
852852 $3,000,000
853853
854854 $4,000,000
855855
856856 Beach Haven Borough
857857
858858 S344220-01
859859
860860 $2,700,000
861861
862862 $3,600,000
863863
864864 Logan Township MUA
865865
866866 S340123-02
867867
868868 $9,000,000
869869
870870 $12,000,000
871871
872872 Bergen County UA
873873
874874 S340386-21
875875
876876 $5,700,000
877877
878878 $7,600,000
879879
880880 Bergen County UA
881881
882882 S340386-23
883883
884884 [$37,500,000] $45,000,000
885885
886886 [$50,000,000] $60,000,000
887887
888888 Bergen County UA
889889
890890 S340386-24
891891
892892 $1,462,500
893893
894894 $1,950,000
895895
896896 Linden Roselle SA
897897
898898 S340299-08
899899
900900 $20,250,000
901901
902902 $27,000,000
903903
904904 Raritan Township MUA
905905
906906 S340485-13
907907
908908 $1,500,000
909909
910910 $2,000,000
911911
912912 Passaic Valley SC
913913
914914 S340689-50
915915
916916 $6,600,000
917917
918918 $8,800,000
919919
920920 Wanaque Valley RSA
921921
922922 S340780-05
923923
924924 $8,625,000
925925
926926 $11,500,000
927927
928928 Gloucester County UA
929929
930930 S340902-15
931931
932932 $10,875,000
933933
934934 $14,500,000
935935
936936 Stony Brook RSA
937937
938938 S340400-11
939939
940940 $16,500,000
941941
942942 $22,000,000
943943
944944 Evesham MUA
945945
946946 S340838-09
947947
948948 [$375,000] $562,500
949949
950950 [$500,000] $750,000
951951
952952 Bergen County UA
953953
954954 S340386-26
955955
956956 $4,500,000
957957
958958 $6,000,000
959959
960960 Ocean County
961961
962962 S344080-10
963963
964964 $187,500
965965
966966 $250,000
967967
968968 Ocean County
969969
970970 S344080-11
971971
972972 $262,500
973973
974974 $350,000
975975
976976 Rockaway Valley RSA
977977
978978 S340821-08
979979
980980 $11,625,000
981981
982982 $15,500,000
983983
984984 Wildwood City
985985
986986 S340664-06
987987
988988 $12,000,000
989989
990990 $16,000,000
991991
992992 Passaic Valley SC
993993
994994 S340689-57
995995
996996 $15,300,000
997997
998998 $20,400,000
999999
10001000 New Jersey Water Supply Authority
10011001
10021002 S340421-02
10031003
10041004 $71,250,000
10051005
10061006 $95,000,000
10071007
10081008 Camden County MUA
10091009
10101010 S340640-36
10111011
10121012 $11,625,000
10131013
10141014 $15,500,000
10151015
10161016 Hamilton Township
10171017
10181018 S340898-06
10191019
10201020 $3,037,500
10211021
10221022 $4,050,000
10231023
10241024 Long Branch SA
10251025
10261026 S340336-09
10271027
10281028 $4,200,000
10291029
10301030 $5,600,000
10311031
10321032 Stafford Township
10331033
10341034 S340946-08
10351035
10361036 $2,625,000
10371037
10381038 $3,500,000
10391039
10401040 Stafford Township
10411041
10421042 S340946-09
10431043
10441044 $3,510,000
10451045
10461046 $4,680,000
10471047
10481048 Metuchen Borough
10491049
10501050 S340360-02
10511051
10521052 $6,750,000
10531053
10541054 $9,000,000
10551055
10561056 Somerville Borough
10571057
10581058 S340551-01
10591059
10601060 $2,775,000
10611061
10621062 $3,700,000
10631063
10641064 Manasquan River RSA
10651065
10661066 S340911-03
10671067
10681068 $495,000
10691069
10701070 $660,000
10711071
10721072 Stafford Township
10731073
10741074 S340946-10
10751075
10761076 $6,375,000
10771077
10781078 $8,500,000
10791079
10801080 Vernon Township
10811081
10821082 S340745-03
10831083
10841084 $2,271,750
10851085
10861086 $3,029,000
10871087
10881088 Delanco SA
10891089
10901090 S340956-03
10911091
10921092 [$1,186,500] $1,725,000
10931093
10941094 [$1,582,000] $2,300,000
10951095
10961096 Bergen County UA
10971097
10981098 S340386-25
10991099
11001100 $3,000,000
11011101
11021102 $4,000,000
11031103
11041104 Monmouth County Bayshore Outfall Authority
11051105
11061106 S340325-04
11071107
11081108 $2,625,000
11091109
11101110 $3,500,000
11111111
11121112 Monmouth County Bayshore Outfall Authority
11131113
11141114 S340325-04a
11151115
11161116 $2,625,000
11171117
11181118 $3,500,000
11191119
11201120 Camden County MUA
11211121
11221122 S340640-30
11231123
11241124 $5,625,000
11251125
11261126 $7,500,000
11271127
11281128 Rockaway Valley RSA
11291129
11301130 S340821-10
11311131
11321132 $6,375,000
11331133
11341134 $8,500,000
11351135
11361136 Toms River MUA
11371137
11381138 S340145-07
11391139
11401140 $6,750,000
11411141
11421142 $9,000,000
11431143
11441144 Toms River MUA
11451145
11461146 S340145-08
11471147
11481148 $1,018,800
11491149
11501150 $1,358,400
11511151
11521152 [Two Rivers Water Reclamation Authority
11531153
11541154 S340117-10
11551155
11561156 $2,475,000
11571157
11581158 $3,300,000]
11591159
11601160 Pleasantville City
11611161
11621162 S340752-04
11631163
11641164 $3,246,413
11651165
11661166 $4,328,550
11671167
11681168 Brick Township MUA
11691169
11701170 S340448-13
11711171
11721172 $3,450,000
11731173
11741174 $4,600,000
11751175
11761176 Northwest Bergen County UA
11771177
11781178 S340700-19
11791179
11801180 $6,099,338
11811181
11821182 $8,132,450
11831183
11841184 Franklin Township SA
11851185
11861186 S340839-09
11871187
11881188 $5,700,000
11891189
11901190 $7,600,000
11911191
11921192 Parsippany Troy Hills Township
11931193
11941194 S340886-05
11951195
11961196 $8,888,126
11971197
11981198 $11,850,835
11991199
12001200 Mount Laurel Township MUA
12011201
12021202 S340943-07
12031203
12041204 [$2,400,000] $6,000,000
12051205
12061206 [$3,200,000] $8,000,000
12071207
12081208 North Brunswick Township
12091209
12101210 S340888-03
12111211
12121212 $2,475,000
12131213
12141214 $3,300,000
12151215
12161216 North Brunswick Township
12171217
12181218 S340888-04
12191219
12201220 [$1,912,500] $2,625,000
12211221
12221222 [$2,550,000] $3,500,000
12231223
12241224 Winslow Township
12251225
12261226 S340895-10
12271227
12281228 $1,287,750
12291229
12301230 $1,717,000
12311231
12321232 Scotch Plains Township
12331233
12341234 S340512-01
12351235
12361236 $2,025,000
12371237
12381238 $2,700,000
12391239
12401240 Hopewell Township
12411241
12421242 S340282-03
12431243
12441244 $1,230,000
12451245
12461246 $1,640,000
12471247
12481248 Princeton
12491249
12501250 S340656-11
12511251
12521252 $2,944,259
12531253
12541254 $3,925,678
12551255
12561256 Mantua Township MUA
12571257
12581258 S340514-01
12591259
12601260 $2,007,375
12611261
12621262 $2,676,500
12631263
12641264 Mantua Township MUA
12651265
12661266 S340514-03
12671267
12681268 $1,022,625
12691269
12701270 $1,363,500
12711271
12721272 Berkeley Heights Township
12731273
12741274 S340385-08
12751275
12761276 $525,000
12771277
12781278 $700,000
12791279
12801280 Middlesex Borough
12811281
12821282 S340698-03
12831283
12841284 $900,000
12851285
12861286 $1,200,000
12871287
12881288 Pennsville SA
12891289
12901290 S340870-04
12911291
12921292 $1,200,000
12931293
12941294 $1,600,000
12951295
12961296 South Monmouth RSA
12971297
12981298 S340377-06
12991299
13001300 $1,725,000
13011301
13021302 $2,300,000
13031303
13041304 North Haledon Borough
13051305
13061306 S340229-02
13071307
13081308 $75,000
13091309
13101310 $100,000
13111311
13121312 North Haledon Borough
13131313
13141314 S340229-01
13151315
13161316 $1,875,000
13171317
13181318 $2,500,000
13191319
13201320 [North Haledon Borough
13211321
13221322 S340229-02
13231323
13241324 $75,000
13251325
13261326 $100,000]
13271327
13281328 Haddon Heights Borough
13291329
13301330 S340877-02
13311331
13321332 $487,500
13331333
13341334 $650,000
13351335
13361336 Emerson Borough
13371337
13381338 S340497-01
13391339
13401340 $75,000
13411341
13421342 $100,000
13431343
13441344 Emerson Borough
13451345
13461346 S340497-02
13471347
13481348 $525,000
13491349
13501350 $700,000
13511351
13521352 Mount Arlington Borough
13531353
13541354 S340451-05
13551355
13561356 $412,500
13571357
13581358 $550,000
13591359
13601360 Highlands Borough
13611361
13621362 S340901-05
13631363
13641364 $6,375,000
13651365
13661366 $8,500,000
13671367
13681368 Medford Lakes Borough
13691369
13701370 S340319-03
13711371
13721372 $8,250,000
13731373
13741374 $11,000,000
13751375
13761376 Mendham Borough
13771377
13781378 S340159-03
13791379
13801380 $2,775,000
13811381
13821382 $3,700,000
13831383
13841384 Hamburg Borough
13851385
13861386 S340149-03
13871387
13881388 $75,000
13891389
13901390 $100,000
13911391
13921392 Hamburg Borough
13931393
13941394 S340149-04
13951395
13961396 [$600,000] $750,000
13971397
13981398 [$800,000] $1,000,000
13991399
14001400 Long Beach Township
14011401
14021402 S340023-09
14031403
14041404 $4,923,750
14051405
14061406 $6,565,000
14071407
14081408 Borough of Wenonah
14091409
14101410 S340531-01
14111411
14121412 $997,500
14131413
14141414 $1,330,000
14151415
14161416 Clinton Township SA
14171417
14181418 S340873-04
14191419
14201420 $1,875,000
14211421
14221422 $2,500,000
14231423
14241424 Ship Bottom Borough
14251425
14261426 S340311-05
14271427
14281428 $3,750,000
14291429
14301430 $5,000,000
14311431
14321432 Fieldsboro Borough
14331433
14341434 S340522-01
14351435
14361436 [$1,200,000] $1,275,000
14371437
14381438 [$1,600,000] $1,700,000
14391439
14401440 North Bergen Township
14411441
14421442 S340652-17
14431443
14441444 $3,225,000
14451445
14461446 $4,300,000
14471447
14481448 Willingboro MUA
14491449
14501450 S340132-10
14511451
14521452 $13,650,000
14531453
14541454 $18,200,000
14551455
14561456 Passaic Valley SC
14571457
14581458 S340689-45
14591459
14601460 $7,657,577
14611461
14621462 $10,210,102
14631463
14641464 Passaic Valley SC
14651465
14661466 S340689-46
14671467
14681468 $51,750,000
14691469
14701470 $69,000,000
14711471
14721472 Passaic Valley SC
14731473
14741474 S340689-54
14751475
14761476 $16,950,000
14771477
14781478 $22,600,000
14791479
14801480 Montville Township
14811481
14821482 S340931-04
14831483
14841484 $2,625,000
14851485
14861486 $3,500,000
14871487
14881488 Hackensack City
14891489
14901490 S340923-15
14911491
14921492 $1,200,000
14931493
14941494 $1,600,000
14951495
14961496 Camden County MUA
14971497
14981498 S340640-26
14991499
15001500 $21,150,000
15011501
15021502 $28,200,000
15031503
15041504 Lower Township MUA
15051505
15061506 S340810-05
15071507
15081508 $22,500,000
15091509
15101510 $30,000,000
15111511
15121512 Newtown Town
15131513
15141514 S340449-04
15151515
15161516 $1,875,000
15171517
15181518 $2,500,000
15191519
15201520 Little Egg Harbor Township
15211521
15221522 S340579-04
15231523
15241524 $1,530,000
15251525
15261526 $2,040,000
15271527
15281528 Gloucester Township
15291529
15301530 S340364-11
15311531
15321532 $712,500
15331533
15341534 $950,000
15351535
15361536 Gloucester Township
15371537
15381538 S340364-15
15391539
15401540 $1,087,500
15411541
15421542 $1,450,000
15431543
15441544 Northfield City
15451545
15461546 S340508-02
15471547
15481548 $112,500
15491549
15501550 $150,000
15511551
15521552 Jersey City MUA
15531553
15541554 S340928-32
15551555
15561556 [$9,225,000] $11,250,000
15571557
15581558 [$12,300,000] $15,000,000
15591559
15601560 Trenton City
15611561
15621562 S340416-14
15631563
15641564 $18,000,000
15651565
15661566 $24,000,000
15671567
15681568 Atlantic City MUA
15691569
15701570 S340439-04
15711571
15721572 $2,300,000
15731573
15741574 $3,066,667
15751575
15761576 East Orange City
15771577
15781578 S340843-03
15791579
15801580 $12,825,000
15811581
15821582 $17,100,000
15831583
15841584 Cumberland County Improvement Authority
15851585
15861586 S342015-04
15871587
15881588 $4,439,778
15891589
15901590 $5,919,704
15911591
15921592 Sussex County MUA
15931593
15941594 S342008-06
15951595
15961596 $32,250,000
15971597
15981598 $43,000,000
15991599
16001600 Burlington City
16011601
16021602 S340140-02
16031603
16041604 $1,950,000
16051605
16061606 $2,600,000
16071607
16081608 Bloomfield Township
16091609
16101610 S340516-01
16111611
16121612 $5,423,228
16131613
16141614 $7,230,970
16151615
16161616 South Orange Village
16171617
16181618 S340103-02
16191619
16201620 $2,002,500
16211621
16221622 $2,670,000
16231623
16241624 Brick Township MUA
16251625
16261626 S340448-14
16271627
16281628 $1,500,000
16291629
16301630 $2,000,000
16311631
16321632 West Deptford Township
16331633
16341634 S340947-06
16351635
16361636 $3,540,000
16371637
16381638 $4,720,000
16391639
16401640 Bordentown City
16411641
16421642 S340219-04
16431643
16441644 [$2,250,000] $3,000,000
16451645
16461646 [$3,000,000] $4,000,000
16471647
16481648 Ship Bottom Borough
16491649
16501650 S340311-04
16511651
16521652 $2,062,500
16531653
16541654 $2,750,000
16551655
16561656 Total Projects: [116] 137
16571657
16581658
16591659
16601660 [$913,836,380] $1,563,683,971
16611661
16621662 [$1,218,448,507] $2,084,911,958
16631663
16641664
16651665
16661666 (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:
16671667
16681668
16691669
16701670 Project Sponsor Project Number Estimated Total Loan Amount
16711671 Pemberton Twp. Pinelands 1 $2,929,000
16721672 Manchester Twp./ Jackson MUA Pinelands 2 $7,192,035
16731673 Galloway Twp. Pinelands 4 $3,493,440
16741674 Winslow Twp. Pinelands 5 $1,728,940
16751675 Total Pinelands Projects: 4 $15,343,415
16761676
16771677 Project Sponsor
16781678
16791679 Project Number
16801680
16811681 Estimated Total Loan Amount
16821682
16831683 Pemberton Twp.
16841684
16851685 Pinelands 1
16861686
16871687 $2,929,000
16881688
16891689 Manchester Twp./
16901690
16911691 Jackson MUA
16921692
16931693 Pinelands 2
16941694
16951695 $7,192,035
16961696
16971697 Galloway Twp.
16981698
16991699 Pinelands 4
17001700
17011701 $3,493,440
17021702
17031703 Winslow Twp.
17041704
17051705 Pinelands 5
17061706
17071707 $1,728,940
17081708
17091709 Total Pinelands Projects: 4
17101710
17111711 $15,343,415
17121712
17131713
17141714
17151715 b. The following environmental infrastructure projects shall be known and may be cited as the "Storm Sandy and State Fiscal Year 2024 Drinking Water Project Eligibility List":
17161716
17171717
17181718
17191719 Project Sponsor Project Number Estimated Allowable DEP Loan Amount Estimated Total Loan Amount
17201720 Trenton City 1111001-011 $15,255,000 $20,340,000
17211721 Passaic Valley Water Commission 1605002-002 $54,000,000 $72,000,000
17221722 [Orange City 0717001-011 $1,162,500 $1,550,000]
17231723 Orange City 0717001-013 [$525,000] $975,000 [$700,000] $1,300,000
17241724 Newark City 0714001-022 [$17,250,000] $18,000,000 [$23,000,000] $24,000,000
17251725 Bloomfield Township 0702001-003 $823,796 $1,098,395
17261726 Red Bank Borough 1340001-004 $6,600,000 $8,800,000
17271727 Trenton City 1111001-005 $23,328,750 $31,105,000
17281728 Hopatcong Borough 1912001-002 [$1,050,000] $1,500,000 [$1,400,000] $2,000,000
17291729 Bloomfield Township 0702001-004 $3,000,000 $4,000,000
17301730 Bloomfield Township 0702001-005 $6,000,000 $8,000,000
17311731 Jersey City MUA 0906001-035 $116,250,000 $155,000,000
17321732 National Park Borough 0812001-005 $1,350,000 $1,800,000
17331733 Ridgewood Village 0251001-001 $60,000,000 $80,000,000
17341734 Belleville Township 0701001-008 $2,676,564 $3,568,752
17351735 Livingston Township 0710001-003 $13,500,000 $18,000,000
17361736 Livingston Township 0710001-001 $9,000,000 $12,000,000
17371737 Livingston Township 0710001-002 $3,750,000 $5,000,000
17381738 Waldwick Borough 0264001-003 $5,250,000 $7,000,000
17391739 Ho-Ho-Kus Borough 0228001-002 $3,000,000 $4,000,000
17401740 Essex Fells Borough 0706001-003 $7,500,000 $10,000,000
17411741 Brick Township MUA 1506001-011 $15,667,500 $20,890,000
17421742 East Orange City 0705001-014 $24,750,000 $33,000,000
17431743 High Bridge Borough 1014001-004 $1,500,000 $2,000,000
17441744 Merchantville Pennsauken Water Commission 0424001-004 $6,525,000 $8,700,000
17451745 East Greenwich 0803001-004 $4,500,000 $6,000,000
17461746 Jersey City MUA 0906001-017 $1,305,180 $1,740,240
17471747 NJ American Water Company, Incorporated 2004002-012 [$15,000,000] $71,250,000 [$20,000,000] $95,000,000
17481748 Hackettstown MUA 2108001-002 $757,500 $1,010,000
17491749 Jersey City MUA 0906001-019 $5,025,000 $6,700,000
17501750 Wildwood City 0514001-006 $4,637,403 $6,183,204
17511751 Lower Township MUA 0505002-004 $9,000,000 $12,000,000
17521752 [Seaside Park Borough 1527001-004 $1,125,000 $1,500,000]
17531753 Brick Township MUA 1506001-014 $2,700,000 $3,600,000
17541754 Hawthorne Borough 1604001-002 [$3,750,000] $7,500,000 [$5,000,000] $10,000,000
17551755 Hightstown Borough 1104001-009 $712,500 $950,000
17561756 Jersey City MUA 0906001-025 $26,250,000 $35,000,000
17571757 Willingboro MUA 0338001-010 $5,400,000 $7,200,000
17581758 Jersey City MUA 0906001-009 $3,750,000 $5,000,000
17591759 NJ American Water Company, Incorporated 0712001-016 $21,210,000 $28,280,000
17601760 Old Bridge MUA 1209002-005 [$2,025,000] $2,925,000 [$2,700,000] $3,900,000
17611761 Clinton Town 1005001-010 [$1,980,000] $3,000,000 [$2,640,000] $4,000,000
17621762 Point Pleasant Beach Borough 1525001-002 $2,625,000 $3,500,000
17631763 Jersey City MUA 0906001-020 $4,965,000 $6,620,000
17641764 Jersey City MUA 0906001-021 $8,250,000 $11,000,000
17651765 Allentown Borough 1302001-004 $1,746,720 $2,328,960
17661766 Jersey City MUA 0906001-015 $2,691,950 $3,589,266
17671767 Brick Township MUA 1506001-008 $4,912,500 $6,550,000
17681768 Stone Harbor Borough 0510001-001 $9,000,000 $12,000,000
17691769 Hightstown Borough 1104001-011 $825,000 $1,100,000
17701770 Hoboken City 0905001-003 $7,500,000 $10,000,000
17711771 Shore Water Company 1505003-001 $750,000 $1,000,000
17721772 Ship Bottom Borough 1528001-004 $3,150,000 $4,200,000
17731773 Lakehurst Borough 1513001-002 $900,000 $1,200,000
17741774 East Windsor MUA 1101002-005 $1,500,000 $2,000,000
17751775 Clinton Town 1005001-012 $2,625,000 $3,500,000
17761776 Long Beach Township 1517001-015 $3,119,401 $4,159,201
17771777 Allentown Borough 1302001-002 $411,825 $549,100
17781778 Farmingdale Borough 1314001-002 $680,250 $907,000
17791779 Roosevelt Borough 1314001-003 $600,000 $800,000
17801780 Roosevelt Borough 1314001-008 $750,000 $1,000,000
17811781 Robbinsville Township 1112001-001 $1,650,000 $2,200,000
17821782 Marlboro Township 1328002-003 $1,285,500 $1,714,000
17831783 Clinton Town 1005001-013 $2,250,000 $3,000,000
17841784 Washington Township MUA 1438004-001 $3,750,000 $5,000,000
17851785 Winslow Township 0436007-010 [$2,868,750] $3,000,000 [$3,825,000] $4,000,000
17861786 Mount Arlington Borough 1426005-001 $1,575,000 $2,100,000
17871787 Tuckerton Borough 1532002-001 $225,000 $300,000
17881788 Willingboro MUA 0338001-005 $1,500,000 $2,000,000
17891789 Hopatcong Borough 1912001-004 $75,000 $100,000
17901790 Lavallette Borough 1515001-002 $2,850,000 $3,800,000
17911791 High Bridge Borough 1014001-001 $75,000 $100,000
17921792 Total Projects: [48] 70 [$320,030,299] $645,362,339 [$426,707,065] $860,483,118
17931793
17941794 Project Sponsor
17951795
17961796 Project Number
17971797
17981798 Estimated Allowable DEP Loan Amount
17991799
18001800 Estimated Total Loan Amount
18011801
18021802 Trenton City
18031803
18041804 1111001-011
18051805
18061806 $15,255,000
18071807
18081808 $20,340,000
18091809
18101810 Passaic Valley Water Commission
18111811
18121812 1605002-002
18131813
18141814 $54,000,000
18151815
18161816 $72,000,000
18171817
18181818 [Orange City
18191819
18201820 0717001-011
18211821
18221822 $1,162,500
18231823
18241824 $1,550,000]
18251825
18261826 Orange City
18271827
18281828 0717001-013
18291829
18301830 [$525,000] $975,000
18311831
18321832 [$700,000] $1,300,000
18331833
18341834 Newark City
18351835
18361836 0714001-022
18371837
18381838 [$17,250,000] $18,000,000
18391839
18401840 [$23,000,000] $24,000,000
18411841
18421842 Bloomfield Township
18431843
18441844 0702001-003
18451845
18461846 $823,796
18471847
18481848 $1,098,395
18491849
18501850 Red Bank Borough
18511851
18521852 1340001-004
18531853
18541854 $6,600,000
18551855
18561856 $8,800,000
18571857
18581858 Trenton City
18591859
18601860 1111001-005
18611861
18621862 $23,328,750
18631863
18641864 $31,105,000
18651865
18661866 Hopatcong Borough
18671867
18681868 1912001-002
18691869
18701870 [$1,050,000] $1,500,000
18711871
18721872 [$1,400,000] $2,000,000
18731873
18741874 Bloomfield Township
18751875
18761876 0702001-004
18771877
18781878 $3,000,000
18791879
18801880 $4,000,000
18811881
18821882 Bloomfield Township
18831883
18841884 0702001-005
18851885
18861886 $6,000,000
18871887
18881888 $8,000,000
18891889
18901890 Jersey City MUA
18911891
18921892 0906001-035
18931893
18941894 $116,250,000
18951895
18961896 $155,000,000
18971897
18981898 National Park Borough
18991899
19001900 0812001-005
19011901
19021902 $1,350,000
19031903
19041904 $1,800,000
19051905
19061906 Ridgewood Village
19071907
19081908 0251001-001
19091909
19101910 $60,000,000
19111911
19121912 $80,000,000
19131913
19141914 Belleville Township
19151915
19161916 0701001-008
19171917
19181918 $2,676,564
19191919
19201920 $3,568,752
19211921
19221922 Livingston Township
19231923
19241924 0710001-003
19251925
19261926 $13,500,000
19271927
19281928 $18,000,000
19291929
19301930 Livingston Township
19311931
19321932 0710001-001
19331933
19341934 $9,000,000
19351935
19361936 $12,000,000
19371937
19381938 Livingston Township
19391939
19401940 0710001-002
19411941
19421942 $3,750,000
19431943
19441944 $5,000,000
19451945
19461946 Waldwick Borough
19471947
19481948 0264001-003
19491949
19501950 $5,250,000
19511951
19521952 $7,000,000
19531953
19541954 Ho-Ho-Kus Borough
19551955
19561956 0228001-002
19571957
19581958 $3,000,000
19591959
19601960 $4,000,000
19611961
19621962 Essex Fells Borough
19631963
19641964 0706001-003
19651965
19661966 $7,500,000
19671967
19681968 $10,000,000
19691969
19701970 Brick Township MUA
19711971
19721972 1506001-011
19731973
19741974 $15,667,500
19751975
19761976 $20,890,000
19771977
19781978 East Orange City
19791979
19801980 0705001-014
19811981
19821982 $24,750,000
19831983
19841984 $33,000,000
19851985
19861986 High Bridge Borough
19871987
19881988 1014001-004
19891989
19901990 $1,500,000
19911991
19921992 $2,000,000
19931993
19941994 Merchantville Pennsauken Water Commission
19951995
19961996 0424001-004
19971997
19981998 $6,525,000
19991999
20002000 $8,700,000
20012001
20022002 East Greenwich
20032003
20042004 0803001-004
20052005
20062006 $4,500,000
20072007
20082008 $6,000,000
20092009
20102010 Jersey City MUA
20112011
20122012 0906001-017
20132013
20142014 $1,305,180
20152015
20162016 $1,740,240
20172017
20182018 NJ American Water Company, Incorporated
20192019
20202020 2004002-012
20212021
20222022 [$15,000,000] $71,250,000
20232023
20242024 [$20,000,000] $95,000,000
20252025
20262026 Hackettstown MUA
20272027
20282028 2108001-002
20292029
20302030 $757,500
20312031
20322032 $1,010,000
20332033
20342034 Jersey City MUA
20352035
20362036 0906001-019
20372037
20382038 $5,025,000
20392039
20402040 $6,700,000
20412041
20422042 Wildwood City
20432043
20442044 0514001-006
20452045
20462046 $4,637,403
20472047
20482048 $6,183,204
20492049
20502050 Lower Township MUA
20512051
20522052 0505002-004
20532053
20542054 $9,000,000
20552055
20562056 $12,000,000
20572057
20582058 [Seaside Park Borough
20592059
20602060 1527001-004
20612061
20622062 $1,125,000
20632063
20642064 $1,500,000]
20652065
20662066 Brick Township MUA
20672067
20682068 1506001-014
20692069
20702070 $2,700,000
20712071
20722072 $3,600,000
20732073
20742074 Hawthorne Borough
20752075
20762076 1604001-002
20772077
20782078 [$3,750,000] $7,500,000
20792079
20802080 [$5,000,000] $10,000,000
20812081
20822082 Hightstown Borough
20832083
20842084 1104001-009
20852085
20862086 $712,500
20872087
20882088 $950,000
20892089
20902090 Jersey City MUA
20912091
20922092 0906001-025
20932093
20942094 $26,250,000
20952095
20962096 $35,000,000
20972097
20982098 Willingboro MUA
20992099
21002100 0338001-010
21012101
21022102 $5,400,000
21032103
21042104 $7,200,000
21052105
21062106 Jersey City MUA
21072107
21082108 0906001-009
21092109
21102110 $3,750,000
21112111
21122112 $5,000,000
21132113
21142114 NJ American Water Company, Incorporated
21152115
21162116 0712001-016
21172117
21182118 $21,210,000
21192119
21202120 $28,280,000
21212121
21222122 Old Bridge MUA
21232123
21242124 1209002-005
21252125
21262126 [$2,025,000] $2,925,000
21272127
21282128 [$2,700,000] $3,900,000
21292129
21302130 Clinton Town
21312131
21322132 1005001-010
21332133
21342134 [$1,980,000] $3,000,000
21352135
21362136 [$2,640,000] $4,000,000
21372137
21382138 Point Pleasant Beach Borough
21392139
21402140 1525001-002
21412141
21422142 $2,625,000
21432143
21442144 $3,500,000
21452145
21462146 Jersey City MUA
21472147
21482148 0906001-020
21492149
21502150 $4,965,000
21512151
21522152 $6,620,000
21532153
21542154 Jersey City MUA
21552155
21562156 0906001-021
21572157
21582158 $8,250,000
21592159
21602160 $11,000,000
21612161
21622162 Allentown Borough
21632163
21642164 1302001-004
21652165
21662166 $1,746,720
21672167
21682168 $2,328,960
21692169
21702170 Jersey City MUA
21712171
21722172 0906001-015
21732173
21742174 $2,691,950
21752175
21762176 $3,589,266
21772177
21782178 Brick Township MUA
21792179
21802180 1506001-008
21812181
21822182 $4,912,500
21832183
21842184 $6,550,000
21852185
21862186 Stone Harbor Borough
21872187
21882188 0510001-001
21892189
21902190 $9,000,000
21912191
21922192 $12,000,000
21932193
21942194 Hightstown Borough
21952195
21962196 1104001-011
21972197
21982198 $825,000
21992199
22002200 $1,100,000
22012201
22022202 Hoboken City
22032203
22042204 0905001-003
22052205
22062206 $7,500,000
22072207
22082208 $10,000,000
22092209
22102210 Shore Water Company
22112211
22122212 1505003-001
22132213
22142214 $750,000
22152215
22162216 $1,000,000
22172217
22182218 Ship Bottom Borough
22192219
22202220 1528001-004
22212221
22222222 $3,150,000
22232223
22242224 $4,200,000
22252225
22262226 Lakehurst Borough
22272227
22282228 1513001-002
22292229
22302230 $900,000
22312231
22322232 $1,200,000
22332233
22342234 East Windsor MUA
22352235
22362236 1101002-005
22372237
22382238 $1,500,000
22392239
22402240 $2,000,000
22412241
22422242 Clinton Town
22432243
22442244 1005001-012
22452245
22462246 $2,625,000
22472247
22482248 $3,500,000
22492249
22502250 Long Beach Township
22512251
22522252 1517001-015
22532253
22542254 $3,119,401
22552255
22562256 $4,159,201
22572257
22582258 Allentown Borough
22592259
22602260 1302001-002
22612261
22622262 $411,825
22632263
22642264 $549,100
22652265
22662266 Farmingdale Borough
22672267
22682268 1314001-002
22692269
22702270 $680,250
22712271
22722272 $907,000
22732273
22742274 Roosevelt Borough
22752275
22762276 1314001-003
22772277
22782278 $600,000
22792279
22802280 $800,000
22812281
22822282 Roosevelt Borough
22832283
22842284 1314001-008
22852285
22862286 $750,000
22872287
22882288 $1,000,000
22892289
22902290 Robbinsville Township
22912291
22922292 1112001-001
22932293
22942294 $1,650,000
22952295
22962296 $2,200,000
22972297
22982298 Marlboro Township
22992299
23002300 1328002-003
23012301
23022302 $1,285,500
23032303
23042304 $1,714,000
23052305
23062306 Clinton Town
23072307
23082308 1005001-013
23092309
23102310 $2,250,000
23112311
23122312 $3,000,000
23132313
23142314 Washington Township MUA
23152315
23162316 1438004-001
23172317
23182318 $3,750,000
23192319
23202320 $5,000,000
23212321
23222322 Winslow Township
23232323
23242324 0436007-010
23252325
23262326 [$2,868,750] $3,000,000
23272327
23282328 [$3,825,000] $4,000,000
23292329
23302330 Mount Arlington Borough
23312331
23322332 1426005-001
23332333
23342334 $1,575,000
23352335
23362336 $2,100,000
23372337
23382338 Tuckerton Borough
23392339
23402340 1532002-001
23412341
23422342 $225,000
23432343
23442344 $300,000
23452345
23462346 Willingboro MUA
23472347
23482348 0338001-005
23492349
23502350 $1,500,000
23512351
23522352 $2,000,000
23532353
23542354 Hopatcong Borough
23552355
23562356 1912001-004
23572357
23582358 $75,000
23592359
23602360 $100,000
23612361
23622362 Lavallette Borough
23632363
23642364 1515001-002
23652365
23662366 $2,850,000
23672367
23682368 $3,800,000
23692369
23702370 High Bridge Borough
23712371
23722372 1014001-001
23732373
23742374 $75,000
23752375
23762376 $100,000
23772377
23782378 Total Projects: [48] 70
23792379
23802380
23812381
23822382 [$320,030,299] $645,362,339
23832383
23842384 [$426,707,065] $860,483,118
23852385
23862386
23872387
23882388 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 2024 financing program.
23892389
23902390 (cf: P.L.2023, c.120, s.3)
23912391
23922392
23932393
23942394 4. Section 4 of P.L.2023, c.120 is amended to read as follows:
23952395
23962396 4. Any financing loan made by the department pursuant to [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall be subject to the following requirements:
23972397
23982398 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;
23992399
24002400 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.2023, c.120, 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 2024 financing program;
24012401
24022402 c. Notwithstanding the provisions of sections 2 and 3 of [this act] P.L.2023, c.120, 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:
24032403
24042404 (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;
24052405
24062406 (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
24072407
24082408 (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;
24092409
24102410 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), prior to June 30, [2023] 2024;
24112411
24122412 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]
24132413
24142414 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.2023, c.120, 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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); and
24152415
24162416 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 Fund 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.
24172417
24182418 (cf: P.L.2023, c.120, s.4)
24192419
24202420
24212421
24222422 5. Section 5 of P.L.2023, c.120 is amended to read as follows:
24232423
24242424 5. Any Sandy financing loan made by the department pursuant to [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall be subject to the following requirements:
24252425
24262426 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;
24272427
24282428 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
24292429
24302430 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), to loans made by the trust pursuant to P.L.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 session), prior to June 30, 2024, 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).
24312431
24322432 (cf: P.L.2023, c.120, s.5)
24332433
24342434
24352435
24362436 6. Section 6 of P.L.2023, c.120 is amended to read as follows:
24372437
24382438 6. The eligibility lists and authorization for the making of loans pursuant to sections 2 and 3 of [this act] P.L.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall expire on July 1, 2024, 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.2023, c.120, as amended by P.L. , c. (pending before the Legislature as this bill), shall no longer be entitled to that loan.
24392439
24402440 (cf: P.L.2023, c.120, s.6)
24412441
24422442
24432443
24442444 7. Section 7 of P.L.2023, c.120 is amended to read as follows:
24452445
24462446 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.2023, c.120, 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.2023, c.120, 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.
24472447
24482448 (cf: P.L.2023, c.120, s.7)
24492449
24502450
24512451
24522452 8. Section 8 of P.L.2023, c.120 is amended to read as follows:
24532453
24542454 8. The expenditure of the funds appropriated by [this act] P.L.2023, c.120, 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.1085, 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.
24552455
24562456 (cf: P.L.2023, c.120, s.8)
24572457
24582458
24592459
24602460 9. Section 10 of P.L.2023, c.120 is amended to read as follows:
24612461
24622462 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.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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.
24632463
24642464 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, or P.L.2023, c.120, 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, or P.L.2023, c.119, as amended by P.L. , c. (pending before the Legislature as Senate Bill No. of the 2022-23 session and Assembly Bill No. of the 2022-23 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).
24652465
24662466 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
24672467
24682468 of the trust from project sponsors causing any such deficiency.
24692469
24702470 (cf: P.L.2023, c.120, s.10)
24712471
24722472
24732473
24742474 10. Section 13 of P.L.2023, c.120 is amended to read as follows:
24752475
24762476 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 P.L.2023, c.120, 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).
24772477
24782478 (cf: P.L.2023, c.120, s.13)
24792479
24802480
24812481
24822482 11. This act shall take effect immediately.
24832483
24842484
24852485
24862486
24872487
24882488 STATEMENT
24892489
24902490
24912491
24922492 This bill would amend P.L.2023, c.120 to amend the lists of environmental infrastructure projects for which the Legislature has appropriated funds to the Department of Environmental Protection (DEP) for State fiscal year 2024.
24932493
24942494 In July 2023, P.L.2023, c.120 was enacted into law, which appropriated funds to the DEP for the purpose of financing approximately $1.78 billion in Storm Sandy and other environmental infrastructure projects through the New Jersey Infrastructure Bank (NJIB) in FY 2024. This bill would amend the lists of environmental infrastructure projects for which the DEP is appropriated funds pursuant to P.L.2023, c.120 to include new projects, remove projects, modify the priority of certain projects, and modify the loan amounts for certain projects, as enumerated in subsections a. and b. of section 3 of the bill. As amended by the bill, P.L.2023, c.120 would appropriate to the DEP up to $3.08 billion, and any unexpended balances from previous authorizations, to provide loans to project sponsors for a total of 223 eligible environmental infrastructure projects for FY 2024. This would include 137 projects on the "Storm Sandy and State Fiscal Year 2024 Clean Water Project Eligibility List" and 70 projects on the "Storm Sandy and State Fiscal Year 2024 Drinking Water Project Eligibility List."
24952495
24962496 The bill would also give the DEP the explicit authority to use funds in the "Pinelands Infrastructure Trust Fund" established pursuant to section 14 of the "Pinelands Infrastructure Trust Bond Act of 1985," P.L.1985, c.302, for drinking water projects. The bill would require such drinking water projects to 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.