Amends lists of environmental infrastructure projects approved for long-term funding by DEP under FY2026 environmental infrastructure funding program.

A1347

ASSEMBLY, No. 1347

STATE OF NEW JERSEY

222nd LEGISLATURE

�

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman CODY D. MILLER

District 4 (Atlantic, Camden and Gloucester)

SYNOPSIS

���� Amends lists of environmental infrastructure projects
approved for long-term funding by DEP under FY2026 environmental infrastructure
funding program.

CURRENT VERSION OF TEXT

���� Introduced Pending Technical Review by Legislative
Counsel.

��

An Act
concerning the financing of environmental
infrastructure projects in Fiscal Year 2026 and amending P.L.2025, c.109.

����
Be It
Enacted
by the Senate and General Assembly of
the State of New Jersey:

���� 1.� Section 1 of P.L.2025,
c.109 is amended to read as follows:

���� 1.
a. (1) There is appropriated to the department from the �Clean Water State
Revolving Fund,� established pursuant to section 1 of P.L.2009, c.77, an amount
equal to the federal fiscal year 2025 capitalization grant made available to
the State for clean water project loans and technical assistance pursuant to
the �Water Quality Act of 1987,� 33 U.S.C. s.1251 et seq., and any amendatory
and supplementary acts thereto (hereinafter referred to as the �Federal Clean
Water Act�) and such sums as are made available to the department from the �Clean
Water State Revolving Fund� from funds made available pursuant to the federal �Infrastructure
Investment and Jobs Act,� Pub.L. 117-58, for clean water project loans and
technical assistance.

���� (2) There is appropriated to
the department from the �Interim Environmental Financing Program Fund,�
established by the New Jersey Infrastructure Bank pursuant to subsection d. of
section 9 of P.L.1985, c.334 (C.58:11B-9), such amounts as may be necessary to
supplement the sums appropriated from the Clean Water State Revolving Fund for
the purposes of clean water project loans and technical assistance and
providing the State match as may be required for the award of the
capitalization grants made available to the State for clean water projects
pursuant to the Federal Clean Water Act.

���� (3) There is appropriated to
the department from the �Disaster Relief Emergency Financing Program Fund,�
established by the New Jersey Infrastructure Bank pursuant to section 1 of
P.L.2013, c.93 (C.58:11B-9.5), such amounts as may be necessary to supplement
the sums appropriated from the Clean Water State Revolving Fund for the
purposes of clean water project loans and technical assistance and providing
the State match as may be required for the award of the capitalization grants
made available to the State for clean water projects pursuant to the Federal
Clean Water Act.

���� (4) There is appropriated to
the department from the �Drinking Water State Revolving Fund,� established
pursuant to section 1 of P.L.1998, c.84, an amount equal to the federal fiscal
year 2025 capitalization grant made available to the State for drinking water
projects pursuant to the �Safe Drinking Water Act Amendments of 1996,� Pub.L.
104-182, and any amendatory and supplementary acts thereto (hereinafter
referred to as the �Federal Safe Drinking Water Act�), and such sums as are
made available to the department from the �Drinking Water State Revolving Fund�
from funds made available pursuant to the federal �Infrastructure Investment
and Jobs Act,� Pub.L. 117-58, for drinking water project loans and technical
assistance.

���� The department is authorized
to transfer from the Clean Water State Revolving Fund to the Drinking Water
State Revolving Fund, pursuant to the �Water Infrastructure Funding Transfer
Act,� Pub.L.116-63, additional amounts as may be necessary to address a threat
to public health and an amount equal to the maximum amount authorized to be
transferred is appropriated to the department for those purposes.

���� The department is authorized
to transfer from the Clean Water State Revolving Fund to the Drinking Water
State Revolving Fund an amount up to the maximum amount authorized to be
transferred pursuant to the Federal Safe Drinking Water Act to meet present and
future needs for the financing of eligible drinking water projects and an
amount equal to that maximum amount is appropriated to the department for those
purposes.

���� The department is authorized
to transfer from the Drinking Water State Revolving Fund to the Clean Water
State Revolving Fund an amount up to the maximum amount authorized to be
transferred pursuant to the Federal Clean Water Act to meet present and future
needs for the financing of eligible clean water projects and an amount equal to
that maximum amount is appropriated to the department for those purposes.

���� Notwithstanding
any provision of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to the contrary, the department is authorized to
utilize funds from the Clean Water State Revolving Fund for the purposes of the
Drinking Water State Revolving Fund and may charge interest on loans made with
such invested funds to the extent permitted by the Federal Clean Water Act and
the Federal Safe Drinking Water Act.

���� (5)
There is appropriated to the department the unappropriated balances from the
Clean Water State Revolving Fund, including the balances from the Federal
Disaster Relief Appropriations Act, and any repayments of loans and interest
therefrom, as may be available on or before June 30, 2026, for the purposes of
clean water project loans and technical assistance and providing the State
match as may be required for the award of the capitalization grants made
available to the State for clean water projects pursuant to the Federal Clean
Water Act.

���� (6) There is appropriated to
the department the unappropriated balances from the �Wastewater Treatment Fund,�
established pursuant to section 15 of the �Wastewater Treatment Bond Act of
1985,� P.L.1985, c.329, and any repayments of loans and interest therefrom, as
may be available on or before June 30, 2026, for the purposes of clean water
project loans and providing the State match as may be required for the award of
the capitalization grants made available to the State for clean water projects
pursuant to the Federal Clean Water Act.

���� (7) There is appropriated to
the department the unappropriated balances from the �1992 Wastewater Treatment
Fund,� established pursuant to section 27 of the �Green Acres, Clean Water,
Farmland and Historic Preservation Bond Act of 1992,� P.L.1992, c.88, and any
repayments of loans and interest therefrom, as may be available on or before
June 30, 2026, for the purposes of clean water project loans and providing the
State match as may be required for the award of the capitalization grants made
available to the State for clean water projects pursuant to the Federal Clean
Water Act.

���� (8) There is appropriated to
the department the unappropriated balances from the �2003 Water Resources and
Wastewater Treatment Fund,� established pursuant to subsection a. of section 19
of the �Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater
Treatment Project Bond Act of 2003,� P.L.2003, c.162, and any repayments of
loans and interest therefrom, as may be available on or before June 30, 2026,
for the purposes of clean water project loans and providing the State match as
may be required for the award of the capitalization grants made available to
the State for clean water projects pursuant to the Federal Clean Water Act.

���� (9) There is appropriated to
the department the unappropriated balances from the �Pinelands Infrastructure
Trust Fund,� established pursuant to section 14 of the �Pinelands
Infrastructure Trust Bond Act of 1985,� P.L.1985, c.302, and any repayments of
loans and interest therefrom, as may be available on or before June 30, 2026,
for the purposes of clean water project loans and drinking water project loans
and providing the State match as may be required for the award of the
capitalization grants made available to the State for clean water projects
pursuant to the Federal Clean Water Act and for drinking water projects
pursuant to the Federal Safe Drinking Water Act.

���� (10) There is appropriated to
the department the unappropriated balances from the �Stormwater Management and
Combined Sewer Overflow Abatement Fund,� established pursuant to the �Stormwater
Management and Combined Sewer Overflow Abatement Bond Act of 1989,� P.L.1989,
c.181, and any repayments of loans and interest therefrom, as may be available
on or before June 30, 2026, for the purposes of clean water project loans and
providing the State match as may be required for the award of the
capitalization grants made available to the State for clean water projects
pursuant to the Federal Clean Water Act.

���� (11) There is appropriated to
the department the unappropriated balances from the Drinking Water State
Revolving Fund and any repayments of loans and interest therefrom, including
the balances from the Federal Disaster Relief Appropriations Act as may be
available on or before June 30, 2026, for the purposes of drinking water
project loans.

���� (12)
There is appropriated to the department such sums as may be needed from loan
repayments and interest earnings from the �Water Supply Fund,� established
pursuant to section 14 of the �Water Supply Bond Act of 1981,� P.L.1981, c.261,
for the �Drinking Water State Revolving Fund Match Accounts� contained within
that fund, for the purpose of providing the State match as may be required for
the award of the capitalization grants made available to the State for drinking
water projects pursuant to the Federal Safe Drinking Water Act.

���� (13) There is appropriated to
the department from the �Interim Environmental Financing Program Fund,�
established by the New Jersey Infrastructure Bank pursuant to subsection d. of
section 9 of P.L.1985, c.334 (C.58:11B-9), such amounts as may be available on
or before June 30, 2026, and any repayments of loans and interest therefrom, as
may be necessary to supplement the sums appropriated from the Drinking Water
State Revolving Fund for the purposes of drinking water project loans and
technical assistance and providing the State match as may be required for the
award of the capitalization grants made available to the State for drinking
water projects pursuant to the Federal Safe Drinking Water Act.

���� (14) There is appropriated to
the department from the �Disaster Relief Emergency Financing Program Fund,�
established by the New Jersey Infrastructure Bank pursuant to section 1 of
P.L.2013, c.93 (C.58:11B-9.5), such amounts as may be necessary to supplement
the sums appropriated from the Drinking Water State Revolving Fund for the
purposes of drinking water project loans and providing the State match as may
be required for the award of the capitalization grants made available to the
State for drinking water projects pursuant to the Federal Safe Drinking Water
Act.

���� (15) There is appropriated to
the department such amounts as may be received by the Department of Community
Affairs, as the grantee from the United States Department of Housing and Urban
Development Community Development Block Grant � Disaster Recovery Program
(CDBG-DR), as may be available on or before June 30, 2026, for the purposes of
CDBG-DR eligible clean water and drinking water project loans and providing the
State match as may be required for the award of the capitalization grants made
available to the State for clean water projects pursuant to the Federal Clean
Water Act and drinking water projects pursuant to the Federal Safe Drinking
Water Act.

���� (16) There is appropriated to
the department such sums as may be available on or before June 30, 2026, as
repayments of drinking water project loans and any interest therefrom from the �Water
Supply Fund,� established pursuant to section 14 of the �Water Supply Bond Act
of 1981,� P.L.1981, c.261, for the purposes of drinking water project loans and
providing the State match as may be required for the award of the
capitalization grants made available to the State for drinking water projects
pursuant to the Federal Safe Drinking Water Act.

���� (17) Of the sums appropriated
to the department from the �Water Supply Fund� pursuant to P.L.1999, c.174,
P.L.2001, c.222, P.L.2002, c.70, and P.L.2003, c.158, the department is
authorized to transfer any unexpended balances and any repayments of loans and
interest therefrom as may be available on or before June 30, 2026, in such
amounts as needed to the Drinking Water State Revolving Fund accounts contained
within the Water Supply Fund established for the purposes of providing drinking
water project loans and providing the State match as may be required for the award
of the capitalization grants made available to the State for drinking water
projects pursuant to the Federal Safe Drinking Water Act.

���� (18) Of the sums appropriated
to the department from the �1992 Wastewater Treatment Fund� pursuant to
P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174, P.L.2000,
c.92, P.L.2001, c.222, and P.L.2002, c.70, the department is authorized to
transfer any unexpended balances and any repayments of loans and interest
therefrom as may be available on or before June 30, 2026, in such amounts as
needed to the Clean Water State Revolving Fund accounts contained within the
1992 Wastewater Treatment Fund for the purposes of providing clean water
project loans and providing the State match as may be required for the award of
the capitalization grants made available to the State for clean water projects
pursuant to the Federal Clean Water Act.

���� (19) Of the sums appropriated
to the department from the �2003 Water Resources and Wastewater Treatment Fund�
pursuant to P.L.2004, c.109 and P.L.2007, c.139, the department is authorized
to transfer any unexpended balances and any repayments of loans and interest
therefrom as may be available on or before June 30, 2026, in such amounts as
needed to the Clean Water State Revolving Fund accounts contained within the
2003 Water Resources and Wastewater Treatment Fund for the purposes of
providing clean water project loans and providing the State match as may be required
for the award of the capitalization grants made available to the State for
clean water projects pursuant to the Federal Clean Water Act.

���� (20)
There is appropriated to the department the sums deposited by the New Jersey
Infrastructure Bank into the Clean Water State Revolving Fund, the �Wastewater
Treatment Fund,� the �1992 Wastewater Treatment Fund,� the �Water Supply Fund,�
the �Stormwater Management and Combined Sewer Overflow Abatement Fund,�
established pursuant to the �Stormwater Management and Combined Sewer Overflow
Abatement Bond Act of 1989,� P.L.1989, c.181, the �2003 Water Resources and
Wastewater Treatment Fund,� and the Drinking Water State Revolving Fund, as
appropriate, pursuant to paragraph (6) of subsection c. of section 1 of
P.L.2025, c.125,
as amended by P.L. ,
c. (pending before the Legislature as Senate Bill No. 4797
and Assembly Bill No. 5977 of the 2024-25 session),
as may be available on
or before June 30, 2026, for the purposes of providing clean water project
loans and drinking water project loans and providing the State match as may be
required for the award of the capitalization grants made available to the State
for clean water projects pursuant to the Federal Clean Water Act and for
drinking water projects pursuant to the Federal Safe Drinking Water Act.

���� Any such amounts shall be for
the purpose of making zero-interest and principal-forgiveness financing loans,
to the extent sufficient funds are available, to or on behalf of local
government units or public water utilities (hereinafter referred to as �project
sponsors�) to finance a portion of the cost of the construction of clean water
projects and drinking water projects listed in sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, and for the purpose of implementing and
administering the provisions of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, to the extent permitted by the Federal
Disaster Relief Appropriations Act, the Federal Clean Water Act, the Federal
Safe Drinking Water Act, P.L.2009, c.77, the �Wastewater Treatment Bond Act of
1985.� P.L.1985, c.329, the �Water Supply Bond Act of 1981,� P.L.1981, c.261,
the �Stormwater Management and Combined Sewer Overflow Abatement Bond Act of
1989,� P.L.1989, c.181, the �Green Acres, Clean Water, Farmland and Historic
Preservation Bond Act of 1992,� P.L.1992, c.88, the �Dam, Lake, Stream, Flood
Control, Water Resources, and the Wastewater Treatment Project Bond Act of
2003,� P.L.2003, c.162, and any amendatory and supplementary acts thereto.

���� (21) Of the $54.6 million
appropriated to the department for the capital construction of drinking water
infrastructure by the State fiscal year 2025 appropriations act, P.L.2024,
c.22, plus any appropriated funds designated in State fiscal years 2021, 2022,
2023, and 2024, up to $25 million may be transferred to the New Jersey
Infrastructure Bank to invest, provide debt service reserve or guarantee, or
pay interest on behalf of a sponsor of a drinking water environmental
infrastructure project.

���� (22) Of the funds appropriated
or reappropriated to the department for the capital construction of drinking
water and clean water infrastructure by the State fiscal year 2026
appropriations act, P.L.2025, c.74, the department is authorized to transfer up
to $5 million to the trust for technical assistance to disadvantaged
communities.

���� (23) Of the funds appropriated
or reappropriated to the department for the capital construction of drinking
water and clean water infrastructure by the State fiscal year 2026
appropriations act, P.L.2025, c.74, plus any appropriated funds designated in
State fiscal years 2021, 2022, and 2023, the department is authorized to
utilize up to $60 million for principal forgiveness of up to $2 million per
applicant to disadvantaged communities participating in the department�s
technical assistance program for construction costs associated with clean water
or drinking water environmental infrastructure projects.

���� (24) There is appropriated to
the department for the purposes of eligible clean water project grants such
amounts as may be received by the department under the Sewer Overflow and
Stormwater Reuse Grants Program, as the grantee from the United States Environmental
Protection Agency and as may be available on or before June 30, 2026.

���� (25) Of the funds appropriated
or reappropriated to the department for the capital construction of drinking
water and clean water infrastructure by the State fiscal year 2026
appropriations act, P.L.2025, c.74, plus any appropriated funds designated in
State fiscal years 2021, 2022, and 2023, the department is authorized to
utilize up to $60 million to provide grants of up to $2 million per applicant
to disadvantaged communities participating in the Water Bank�s technical
assistance program for planning and design costs associated with clean water or
drinking water environmental infrastructure projects.

���� b.��� The department is
authorized to make zero-interest and principal-forgiveness financing loans to
or on behalf of the project sponsors for the environmental infrastructure
projects listed in subsection a. of section 2 and subsection a. of section 3 of

[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
for clean water projects, up to the
individual amounts indicated and in the priority stated, to the extent there
are sufficient eligible project applications, except that any such amounts may
be reduced if a project fails to meet the requirements of sections 4 or 5 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, or by the Commissioner of Environmental
Protection pursuant to section 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before
the Legislature as this bill)
.

���� (1) A maximum of $18 million
in principal forgiveness, plus any appropriated but unallocated funds
designated in State fiscal year 2025 for combined sewer overflow projects,
shall be issued as provided in subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to communities in combined sewer overflow
sewersheds for construction projects that reduce or eliminate discharges from
combined sewer overflow outfalls.� The amount of principal forgiveness issued
pursuant to this paragraph shall not exceed $5 million per borrower whenever
practicable.� For project costs greater than $5 million, up to and including
$10 million, 50 percent of the principal of the loan shall be forgiven and the
remaining 50 percent of the loan shall have a blended interest rate of 50
percent of the trust�s market rate.� For project costs greater than $10
million, the loan shall have a blended interest rate of 25 percent of the trust�s
market rate.� For combined sewer overflow projects that receive no principal
forgiveness because principal-forgiveness funds allocated to such projects are
no longer available, the loan shall have a blended interest rate of 25 percent
of the trust�s market rate.

���� (2) A maximum of $18 million
in principal forgiveness, plus any appropriated but unallocated funds
designated in State fiscal year 2025 for combined sewer overflow projects shall
be issued as provided in subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to communities in combined sewer overflow
sewersheds for construction projects that reduce or eliminate discharges from
combined sewer overflow outfalls that meet �Clean Water State Revolving Fund�
affordability criteria.� The amount of principal forgiveness issued pursuant to
this paragraph shall be based on the applicable tier of the department�s
affordability score.� For a borrower satisfying Tier 1 of the department�s
affordability score and project costs up to and including $8 million, 100
percent of the principal of the loan shall be forgiven.� For a borrower
satisfying Tier 2 of the department�s affordability score and project costs up
to and including $7 million, 100 percent of the principal of the loan shall be
forgiven.� For project costs greater than $8 million in the case of a Tier 1
borrower, and greater than $7 million in the case of a Tier 2 borrower, the
loan shall have a blended interest rate of 25 percent of the trust�s market
rate.� For combined sewer overflow projects that reduce or eliminate discharges
from combined sewer overflow outfalls that meet �Clean Water State Revolving
Fund� affordability criteria that receive no principal forgiveness because
principal-forgiveness funds allocated to such projects are no longer available,
the loan shall have a blended interest rate of 25 percent of the trust�s market
rate.

���� (3)
A maximum of $8 million in principal forgiveness, plus any appropriated but
unallocated funds designated in State fiscal year 2025 for water quality
restoration projects, shall be issued as provided in subsection a. of section 3
of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
for water quality restoration projects.� The
amount of a principal-forgiveness loan issued pursuant to this paragraph shall
not exceed $2 million per borrower whenever practicable.� For project costs up
to and including $4 million, 50 percent of the principal of the loan shall be
forgiven and the remaining 50 percent of the loan shall have a blended interest
rate of 50 percent of the trust�s market rate.� For project costs greater than
$4 million, the loan shall have a blended interest rate of 25 percent of the
trust�s market rate.� For water quality restoration projects that receive no
principal forgiveness because principal-forgiveness funds allocated to such
projects are no longer available, the loan shall have a blended interest rate
of 25 percent of the trust�s market rate.

���� (4) A maximum of $19 million
in principal forgiveness, plus any appropriated but unallocated funds
designated in State fiscal year 2025, for clean water projects sponsored by
applicants that meet the �Clean Water State Revolving Fund� affordability
criteria as set forth by the department shall be issued as provided in
subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before
the Legislature as this bill)
.� The amount of a
principal-forgiveness loan issued pursuant to this paragraph shall be based on
the applicable tier of the department�s affordability score.� For a borrower
satisfying Tier 1 of the department�s affordability score and project costs up
to and including $3 million, 100 percent of the principal of the loan shall be
forgiven.� For a borrower satisfying Tier 2 of the department�s affordability
score and project costs up to and including $2 million, 100 percent of the
principal of the loan shall be forgiven. For project costs greater than $3
million in the case of a Tier 1 borrower or greater than $2 million in the case
of a Tier 2 borrower, the loan shall have a blended interest rate of 25 percent
of the trust�s market rate.� For clean water projects sponsored by applicants
that meet the �Clean Water State Revolving Fund� affordability criteria that
receive no principal forgiveness because principal-forgiveness funds allocated
to such projects are no longer available, the loan shall have a blended
interest rate of 25 percent of the trust�s market rate.

���� (5) A maximum of $10 million
in principal forgiveness, plus any appropriated but unallocated funds
designated in State fiscal year 2025, for water and energy efficiency projects
shall be issued as provided in subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to projects that address water and energy
efficiency goals that meet the eligibility requirements for water and energy
efficiency as defined in the United States Environmental Protection Agency�s �Green
Project Reserve Guidance.�� The amount of a principal-forgiveness loan issued
pursuant to this paragraph shall not exceed $2 million per borrower whenever
practicable.� For project costs up to and including $4 million, 50 percent of
the principal of the loan shall be forgiven and the remaining 50 percent of the
loan shall have a blended interest rate of 50 percent of the trust�s market
rate.� For project costs greater than $4 million, the loan shall have a blended
interest rate of 25 percent of the trust�s market rate.� For water and energy
efficiency projects that receive no principal forgiveness because
principal-forgiveness funds allocated to such projects are no longer available,
the loan shall have a blended interest rate of 25 percent of the trust�s market
rate.

���� (6) A maximum of $27 million
in principal forgiveness for emerging contaminant projects shall be issued as
provided in subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to projects that primarily address
substances and microorganisms, which are known or anticipated in the
environment and which may pose newly identified or re-emerging risks to human
health, aquatic life, or the environment.� For project costs up to and including
$10 million, 100 percent of the principal of the loan shall be forgiven,
whenever practicable.� For project costs greater than $10 million, the loan
shall have a blended interest rate of 25 percent of the trust�s market rate.�
For emerging contaminant projects that receive no principal forgiveness because
principal-forgiveness funds allocated to such projects are no longer available,
the loan shall have a blended interest rate of 25 percent of the trust�s market
rate.

���� (7) A maximum of $2 million in
principal forgiveness, plus any appropriated but unallocated funds designated
in State fiscal year 2025, for combined sewer overflow or stormwater management
projects shall be issued to finance up to 20 percent of project costs for
projects that qualify for a Sewer Overflow and Stormwater Reuse grant.� 100
percent of the principal of the loan shall be forgiven and the remaining
project costs shall be financed through a Sewer Overflow and Stormwater Reuse
grant from the department.

���� (8) A maximum of $8 million in
principal forgiveness shall be issued as provided in subsection a. of section 3
of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to improve stormwater resilience.� The
amount of a principal-forgiveness loan issued pursuant to this paragraph shall
not exceed $2 million per borrower whenever practicable.� For project costs up
to and including $4 million, 50 percent of the principal of the loan shall be
forgiven and the remaining 50 percent of the loan shall have a blended interest
rate of 50 percent of the trust�s market rate.� For project costs greater than
$4 million, the loan shall have a blended interest rate of 25 percent of the
trust�s market rate.� For stormwater resilience projects that receive no
principal forgiveness because principal-forgiveness funds allocated to such
projects are no longer available, the loan shall have a blended interest rate
of 25 percent of the trust�s market rate.

���� (9)
[
The projects listed in subsection
a. of section 2 of this act and subsection a. of section 3 of this act that
were previously identified in P.L.2024, c.35, as amended by P.L.2025, c.10, are
granted continued priority status and shall be subject to the provisions of
P.L.2024, c.35, as amended by P.L.2025, c.10, provided such projects receive
short-term funding prior to June 30, 2025.
]

(Deleted by amendment, P.L. , c. )
(pending before the Legislature as this bill).

���� c.���� The department is
authorized to make zero-interest and principal-forgiveness financing loans to
or on behalf of the project sponsors for the environmental infrastructure
projects listed in subsection b. of section 3 of
[
this
act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
for drinking water projects, up to the
individual amounts indicated and in the priority stated, provided:

���� (1) up to $5 million of
Drinking Water State Revolving Fund loans, plus any appropriated but
unallocated funds designated in State fiscal year 2025 for drinking water
systems serving populations of up to 10,000 residents, shall be available for
drinking water systems serving populations of up to 10,000 residents wherein
principal forgiveness shall not exceed $1 million in the aggregate and shall
not exceed 50 percent of the total loan amount per project sponsor in an amount
not to exceed $2 million per project sponsor.� Project costs greater than $2
million shall have a loan funded at a blended interest rate of 25 percent of
the trust�s market rate;

���� (2) a maximum of $5 million in
principal forgiveness shall be available for drinking water systems that serve
fewer than 1,000 persons.� A loan issued pursuant to this paragraph shall have
100 percent principal forgiveness for drinking water systems that are
participating in the Community Engineering Corp or the Engineering Contract
with the New Jersey Water Association.� A loan issued pursuant to this
paragraph for drinking water systems that serve fewer than 1,000 persons that
are not participating in the Community Engineering Corp or the Engineering
Contract with the New Jersey Water Association shall have 100 percent principal
forgiveness of up to $2 million per applicant.� For project costs greater than
$2 million, the loan shall have a blended interest rate of 25 percent of the
trust�s market rate;

���� (3)
a maximum of $18 million of principal forgiveness shall be available for
drinking water projects that primarily address emerging contaminants, for which
principal forgiveness may be authorized for up to 100 percent of the total fund
loan amount of up to $3 million per applicant.� For project costs greater than
$3 million, the loan shall have a blended interest rate of 25 percent of the
trust�s market rate.� For emerging contaminant projects that receive no
principal forgiveness because principal-forgiveness funds allocated to such
projects are no longer available, the loan shall have a blended interest rate
of 25 percent of the trust�s market rate;

���� (4) up to $41 million of the
sums appropriated to the department from the federal �Infrastructure Investment
and Jobs Act,� Pub. L. 117-58, may be issued for principal forgiveness for
drinking water projects other than those to address emerging contaminants or
lead that meet the affordability criteria of the department. A maximum of $20
million of principal forgiveness pursuant to this paragraph shall be available
for up to 100 percent of the total fund loan amount up to and including $10
million for a borrower satisfying the department�s affordability criteria whose
project is identified as among the department�s highest ranked drinking water
projects.� A maximum of $21 million of principal forgiveness shall be available
for up to 100 percent of the total fund loan amount up to and including $3
million for borrowers satisfying the department�s Tier 1 affordability score
and up to and including $2 million for borrowers satisfying the department�s
Tier 2 affordability score.� For projects that would otherwise qualify under
this subsection for principal forgiveness that receive no principal forgiveness
because principal-forgiveness funds allocated to such projects are no longer
available, the loan shall have a blended interest rate of 25 percent of the
trust�s market rate; and

���� (5) up to $68 million plus any
appropriated but unallocated funds designated in State fiscal year 2025 may be
issued for principal-forgiveness loans for drinking water systems that meet the
department�s affordability criteria pursuant to the State�s lead service line
replacement program to finance lead service line replacements.� The amount of a
principal-forgiveness loan issued pursuant to this paragraph shall be based on
the applicable tier of the department�s affordability score.� For a borrower
satisfying Tier 1 of the department�s affordability score, the amount of
principal forgiveness shall not exceed 80 percent of the total loan amount of
up to $16 million per water system.� For project costs up to and including $20
million, 80 percent of the principal of the loan shall be forgiven and the
remaining 20 percent of the loan shall have a blended interest rate of 50
percent of the trust�s market rate.� For project costs greater than $20
million, the loan shall have a blended interest rate of 25 percent of the trust�s
market rate.� For a borrower satisfying Tier 2 of the department�s
affordability score, the amount of principal forgiveness shall not exceed 50
percent of the total loan amount of up to $10 million per water system.� For
project costs up to and including $20 million, 50 percent of the principal of
the loan shall be forgiven and the remaining 50 percent of the loan shall have
a blended interest rate of 50 percent of the trust�s market rate.� For project
costs greater than $20 million, the loan shall have a blended interest rate of
25 percent of the trust�s market rate.� For lead service line replacement
projects that receive no principal forgiveness because principal-forgiveness
funds allocated to such projects are no longer available, the loan shall have a
blended interest rate of 20 percent of the trust�s market rate.

���� Loans may be made pursuant to
this subsection to the extent there are sufficient eligible project
applications and as may be required for the award of the capitalization grants
made available to the State for drinking water projects pursuant to the Federal
Safe Drinking Water Act.� Any such amounts may be reduced by the Commissioner
of Environmental Protection pursuant to section 7 of
[
this
act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, or if a project fails to meet the
requirements of section 4 or 5 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
.

���� The department is authorized
to increase the maximum amounts available for principal forgiveness pursuant to
this subsection or subsection b. of this section, to the extent additional
funds are available.

���� d.��� The department is
authorized to make zero-interest and principal-forgiveness financing loans to
or on behalf of the project sponsors for the environmental infrastructure
projects listed in sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
under the same terms, conditions and
requirements set forth in this section from any unexpended balances of the
amounts appropriated pursuant to section 1 of P.L.1987, c.200, section 2 of
P.L.1988, c.133, section 1 of P.L.1989, c.189, section 1 of P.L.1990, c.99,
section 1 of P.L.1991, c.325, section 1 of P.L.1992, c.38, section 1 of
P.L.1993, c.193, section 1 of P.L.1994, c.106, section 1 of P.L.1995, c.219,
section 1 of P.L.1996, c.85, section 1 of P.L.1997, c.221, section 2 of
P.L.1998, c.84, section 2 of P.L.1999, c.174, section 2 of P.L.2000, c.92,
sections 1 and 2 of P.L.2001, c.222, sections 1 and 2 of P.L.2002, c.70,
sections 1 and 2 of P.L.2003, c.158, sections 1 and 2 of P.L.2004, c.109, sections
1 and 2 of P.L.2005, c.196, sections 1 and 2 of P.L.2006, c.68, sections 1 and
2 of P.L.2007, c.139, sections 1 and 2 of P.L.2008, c.68, sections 1 and 2 of
P.L.2009, c.102, sections 1 and 2 of P.L.2010, c.63, sections 1 and 2 of
P.L.2011, c.93, sections 1 and 2 of P.L.2012, c.43, sections 1 and 2 of
P.L.2013, c.95, sections 1 and 2 of P.L.2014, c.25, sections 1 and 2 of
P.L.2015, c.108, sections 1 and 2 of P.L.2016, c.32, as amended by P.L.2017,
c.14, sections 1 and 2 of P.L.2017, c.143, as amended by P.L.2017, c.326,
sections 1 and 2 of P.L.2018, c.85, as amended by P.L.2018, c.137 and P.L.2019,
c.12, sections 1 and 2 of P.L.2019, c.193, as amended by P.L.2019, c.514,
P.L.2020, c.49, as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by
P.L.2021, c.328, P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120,
as amended by P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10,
and
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, including amounts resulting from the low
bid and final building cost reductions authorized pursuant to section 6 of
P.L.1987, c.200, section 7 of P.L.1988, c.133, section 6 of P.L.1989, c.189,
section 6 of P.L.1990, c.99, section 6 of P.L.1991, c.325, section 6 of
P.L.1992, c.38, section 6 of P.L.1993, c.193, section 6 of P.L.1994, c.106,
section 6 of P.L.1995, c.219, section 6 of P.L. 1996, c.85, section 6 of
P.L.1997, c.221, section 7 of P.L.1998, c.84, section 6 of P.L.1999, c.174,
section 6 of P.L.2000, c.92, section 6 of P.L.2001, c.222, section 6 of
P.L.2002, c.70, section 6 of P.L.2003, c.158, section 6 of P.L.2004, c.109,
section 6 of P.L.2005, c.196, section 6 of P.L.2006, c.68, section 6 of
P.L.2007, c.139, section 6 of P.L.2008, c.68, section 7 of P.L.2009, c.102,
section 6 of P.L.2010, c.63, section 6 of P.L.2011, c.93, section 6 of
P.L.2012, c.43, section 6 of P.L.2013, c.95, section 7 of P.L.2014, c.25,
section 7 of P.L.2015, c.108, section 7 of P.L.2016, c.32, as amended by
P.L.2017, c.14, section 7 of P.L.2017, c.143 as amended by P.L.2017, c.326,
section 7 of P.L.2018, c.85, as amended by P.L.2018, c.137 and P.L.2019, c.12,
section 7 of P.L.2019, c.193, as amended by P.L.2019, c.514, section 7 of
P.L.2020, c.49, as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by
P.L.2021, c.328, P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120,
as amended by P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10,
and
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, and from any repayments of loans and
interest from the Clean Water State Revolving Fund, the �Wastewater Treatment
Fund,� the �Water Supply Fund,� the �1992 Wastewater Treatment Fund,� the �2003
Water Resources and Wastewater Treatment Fund,� and amounts deposited therein
during State fiscal year 2024 and State fiscal year 2025 pursuant to the
provisions of section 16 of P.L.1985, c.329, and section 2 of P.L.2009, c.77
and any amendatory and supplementary acts thereto, including any Clean Water
State Revolving Fund Accounts contained within the �Wastewater Treatment Fund,�
and from any repayment of loans and interest from the Drinking Water State
Revolving Fund.

���� e.���� The
department is authorized to make zero-interest and principal-forgiveness Sandy
financing loans to or on behalf of the project sponsors for the Sandy
environmental infrastructure projects listed in subsection a. of section 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
for
clean water projects, in a manner consistent with the Federal Disaster Relief
Appropriations Act, up to the individual amounts indicated, except that any
such amount may be reduced by the Commissioner of Environmental Protection
pursuant to section 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, or if a
project fails to meet the requirements of section 4, 5, or 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
,
provided a maximum of $300 million shall be provided for Sandy financing loans
for clean water projects to provide financial assistance to communities
affected by the Storm Sandy and for projects whose purpose is to reduce flood
damage risk and vulnerability or to enhance resiliency to rapid hydrologic
change or a natural disaster.

���� f.���� The department is
authorized to increase the aggregate sums specified in subsections b. and c. of
this section by the amount of interest accrued pursuant to a short-term or
temporary loan made to a project sponsor pursuant to the Interim Environmental
Financing Program.

���� g.��� For the purposes of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
:

���� �Department� means the
Department of Environmental Protection.

���� �Federal Disaster Relief
Appropriations Act� means the �Disaster Relief Appropriations Act, 2013,�
Pub.L.113-2, and any amendatory and supplementary acts thereto.

���� �Sandy financing� means
grants, zero-interest loans or principal-forgiveness loans provided by the
Department of Environmental Protection from funds made available to the State
for clean water or drinking water projects, or clean water or drinking water
project match, pursuant to the Federal Disaster Relief Appropriations Act.

���� �Technical assistance� means
all services and assistance provided for the benefit of eligible project
sponsors, including, but not limited to, public engagement services, technical
assistance and expertise, and community education, for the purposes of
identifying and pursuing a clean water or drinking water project, as described
in the financial plan developed pursuant to section 21 of P.L.1985, c.334
(C.58:11B-21) or section 25 of P.L.1997, c.224 (C.58:11B-21.1).

���� �Trust� means the New Jersey
Infrastructure Bank created pursuant to section 4 of P.L.1985, c.334
(C.58:11B-4).

���� 2.� Section 2 of P.L.2025,
c.109 is amended to read as follows:

���� 2. a. (1) The department is
authorized to expend funds for the purpose of making supplemental zero-interest
loans to or on behalf of the project sponsors listed below for the following
clean water environmental infrastructure projects:

Project Sponsor

Project Number

Estimated Allowable DEP Loan Amount

Estimated Total Loan Amount

[
R
utgers University

S340500-01R

$3,150,000

$4,200,000
]

Ship Bottom Borough

S340311-04R

$750,000

$1,000,000

Total Projects:
[
2
]

1

[
$
3,900,000
]

$750,000

[
$
5,200,000
]

$1,000,000

���� (2) The loans authorized in
this subsection shall be made for the difference between the allowable loan
amounts required by these projects based upon final building costs pursuant to
section 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
and the loan amounts certified by the
Commissioner of Environmental Protection in State fiscal
[
years 2019 and
]

year
2020
and for increased allowable costs as defined and determined in accordance with
the rules and regulations adopted by the department pursuant to section 4 of
P.L.1985, c.329.� The loans authorized in this subsection shall be made to or
on behalf of the project sponsors listed, up to the individual amounts
indicated and in the priority stated, to the extent sufficient funds are
available, except as a project fails to meet the requirements of section 4, 5,
or 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
.

���� (3) The zero-interest loans
for the projects authorized in this subsection shall have priority over
projects listed in subsection a. of section 3 of
[
this
act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
.

���� b. (1) The department is
authorized to expend funds for the purpose of making supplemental loans to or
on behalf of the project sponsors listed below for the following drinking water
environmental infrastructure projects:

Project Sponsor

Project Number

Estimated Allowable DEP Loan Amount

Estimated Total Loan Amount

Brick Township Municipal Utilities
Authority

1506001-011R

[
$
3,750,000
]

$2,812,500

[
$
5,000,000
]

$3,750,000

East Orange City

0705001-014R

$1,500,000

$2,000,000

[
N
ew Jersey American Water Co.

0712001-016R

$3,750,000

$5,000,000

New Jersey American Water Co.

2004002-012R

$5,250,000

$7,000,000
]

Total Projects:
[
4
]

2

[
$
14,250,000
]

$4,312,500

[
$
19,000,000
]

$5,750,000

���� (2) The loans authorized in
this subsection shall be made for the difference between the allowable loan
amount required by these projects based upon final building costs pursuant to
section 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
and the loan amounts certified by the
Commissioner of Environmental Protection in State fiscal
[
years
]

year
2020

[
and
2024
]

and for increased allowable costs as defined and determined in accordance with
the rules and regulations adopted by the department pursuant to section 5 of
P.L.1981, c.261.� The loans authorized in this subsection shall be made to or
on behalf of the project sponsors listed, up to the individual amounts
indicated and in the priority stated, to the extent sufficient funds are
available, except as a project fails to meet the requirements of section 4, 5,
or 7 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
.

���� (3) The zero-interest loans
for the projects authorized in this subsection shall have priority over
projects listed in subsection b. of section 3 of
[
this
act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before
the Legislature as this bill)
.

���� c.���� The department is
authorized to adjust the allowable department loan amount for projects
authorized in this section to between zero percent and 100 percent of the total
allowable loan amount, and, if the department loan amount is adjusted to 100
percent of the total allowable loan amount, the loan shall be provided pursuant
to the terms and conditions of the financing program year in which the
construction loan component of the project was certified by the department, and
for which the trust issued an interim financing program loan for the project,
or, in the absence of an interim financing program loan, the terms and
conditions of the State fiscal year 2026 financing program.

���� 3.� Section 3 of P.L.2025,
c.109 is amended to read as follows:

���� 3. a. (1) The following
environmental infrastructure projects shall be known and may be cited as the �Storm
Sandy and State Fiscal Year 2026 Clean Water Project Eligibility List�:

Project Sponsor

Project Number

Estimated Allowable DEP Loan Amount

Estimated Total Loan Amount

Oakland Borough

S340418-06

$5,790,000

$7,720,000

Rahway Valley Sewerage
Authority

S340547-17

$4,500,000

$6,000,000

Rahway Valley Sewerage
Authority

S340547-18

$5,625,000

$7,500,000

Mendham Borough

S340159-04

$4,125,000

$5,500,000

Newark City

S340815-25

$750,000

$1,000,000

[
C
amden County Municipal
Utilities Authority

S340640-29

$9,525,000

$12,700,000
]

Berkeley Heights
Township

S340385-05

$5,625,000

$7,500,000

Montgomery Township

S340130-03

$21,750,000

$29,000,000

[
N
ewark City

S340815-26

$3,300,000

$4,400,000

Camden City

S340366-07

$7,500,000

$10,000,000
]

Newton Town

S340449-09

$5,250,000

$7,000,000

Montgomery Township

S340130-05

$14,812,500

$19,750,000

Camden City

S340366-14

$7,027,500

$9,370,000

Middlesex County Utilities
Authority

S340699-18

$15,750,000

$21,000,000

Middlesex County
Utilities Authority

S340699-17

$19,500,000

$26,000,000

[
M
usconetcong Sewerage
Authority

S340384-10

$1,875,000

$2,500,000
]

North Bergen Municipal
Utilities Authority

S340652-16

$46,500,000

$62,000,000

Hoboken City

S340635-08

$28,500,000

$38,000,000

Paterson City

S340850-07

$3,000,000

$4,000,000

Elizabeth City

S340942-20

$17,250,000

$23,000,000

Elizabeth City

S345070-01

$3,000,001

$4,000,001

Camden County Municipal
Utilities Authority

S340640-33

$21,750,000

$29,000,000

Kearny Town

S340259-11

$12,750,000

$17,000,000

Ridgefield Park Village

S340688-06

$9,150,000

$12,200,000

[
L
ong Branch Sewerage
Authority

S340336-08

$1,305,525

$1,740,700
]

Bayshore Regional Sewer
Authority

S340697-07

$23,625,000

$31,500,000

Ocean County Utilities
Authority

S340372-64

$37,500,000

$50,000,000

North Hudson Sewer
Authority

S340952-40

$17,625,000

$23,500,000

Perth Amboy City

S340435-19

$300,000

$400,000

North Hudson Sewer
Authority

S340952-37

$9,750,000

$13,000,000

North Hudson Sewer
Authority

S340952-39

$13,500,000

$18,000,000

Perth Amboy City

S340435-22

$5,250,000

$7,000,000

Verona Township

S340533-05

$1,875,000

$2,500,000

[
H
ackensack City

S340923-13

$12,750,000

$17,000,000
]

Hackensack City

S340923-16

$10,500,000

$14,000,000

Millville City

S340921-09

$8,250,000

$11,000,000

Passaic Valley Sewerage
Commission

S340689-37

$91,125,000

$121,500,000

[
P
assaic Valley Sewerage
Commission

S340689-53

$13,650,000

$18,200,000
]

Passaic Valley Sewerage
Commission

S340689-44

$18,000,000

$24,000,000

Passaic Valley Sewerage
Commission

S345200-01

$7,500,000

$10,000,000

Passaic Valley Sewerage Commission

S340689-49

$222,102,676

$296,136,901

Passaic Valley Sewerage Commission

S340689-33

$80,250,000

$107,000,000

Mount Laurel Township
Municipal Utilities Authority

S340943-08

$5,400,000

$7,200,000

Pennsville Sewerage
Authority

S340870-05

$7,500,000

$10,000,000

Beach Haven Borough

S344220-01

$2,700,000

$3,600,000

[
L
ogan Township Municipal
Utilities Authority

S340123-02

$9,000,000

$12,000,000
]

Stony Brook Regional
Sewer Authority

S340400-12

$17,400,000

$23,200,000

Bergen County Utilities
Authority

S340386-23

$45,000,000

$60,000,000

Linden Roselle Sewer
Authority

S340299-08

$20,250,000

$27,000,000

Flemington Borough

S340440-06

$1,102,500

$1,470,000

[
G
loucester County
Utilities Authority

S340902-15

$10,875,000

$14,500,000
]

Berkeley Township

S344020-03

$1,612,500

$2,150,000

Passaic Valley Sewerage
Commission

S340689-67

$13,125,000

$17,500,000

[
S
tony Brook Regional
Sewer Authority

S340400-11

$16,500,000

$22,000,000

Long Branch Sewerage
Authority

S340336-09

$4,200,000

$5,600,000
]

Bergen County Utilities
Authority

S340386-26

$4,500,000

$6,000,000

[
J
MEUC - East Orange City

S340686-09a

$465,378

$620,504

JMEUC - Elizabeth City

S340686-09b

$4,879,407

$6,505,876

JMEUC - Hillside
Township

S340686-09c

$681,323

$908,430

JMEUC - Irvington
Township

S340686-09d

$1,689,260

$2,252,347

JMEUC - Newark City

S340686-09e

$1,022,282

$1,363,042

JMEUC - Summit City

S340686-09g

$889,742

$1,186,322

JMEUC - Union Township

S340686-09h

$1,837,001

$2,449,335

JMEUC - West Orange
Township

S340686-09i

$1,189,072

$1,585,429
]

JMEUC - East Orange City

S340686-08a

$1,443,750

$1,925,000

JMEUC - Elizabeth City

S340686-08b

$16,188,750

$21,585,000

JMEUC - Hillside Township

S340686-08c

$2,141,250

$2,855,000

JMEUC - Irvington Township

S340686-08d

$5,538,750

$7,385,000

JMEUC - Maplewood Township

S340686-08e

$2,178,750

$2,905,000

JMEUC - Millburn Township

S340686-08f

$1,942,500

$2,590,000

JMEUC - Newark City

S340686-08g

$3,262,500

$4,350,000

JMEUC - Roselle Park Borough

S340686-08h

$1,020,000

$1,360,000

JMEUC - South Orange Village
Township

S340686-08i

$1,515,000

$2,020,000

JMEUC - Summit City

S340686-08j

$2,842,500

$3,790,000

JMEUC - Union Township

S340686-08k

$6,022,500

$8,030,000

JMEUC - West Orange Township

S340686-08l

$3,847,500

$5,130,000

Lambertville Municipal
Utilities Authority

S340882-11

$1,575,000

$2,100,000

Lakehurst Borough

S340150-01

[
$
1,912,500
]

$1,200,000

[
$
2,550,000
]

$1,600,000

Landis Sewerage
Authority

S340461-07

$2,250,000

$3,000,000

Ocean County

S344080-10

$187,500

$250,000

Ocean County

S344080-11

$262,500

$350,000

[
R
ockaway Valley Regional
Sewer Authority

S340821-08

$11,625,000

$15,500,000
]

Rockaway Valley
Regional Sewer Authority

S340821-11

$10,125,000

$13,500,000

Cumberland County
Utilities Authority

S340550-09

$10,500,000

$14,000,000

Seaside Heights Borough

S340236-02

$4,125,000

$5,500,000

South Monmouth Regional
Sewer Authority

S340377-08

$1,725,000

$2,300,000

Passaic Valley Sewerage
Commission

S340689-57

$24,375,000

$32,500,000

[
C
amden County Municipal
Utilities Authority

S340640-36

$11,625,000

$15,500,000
]

Hamilton Township

S340898-06

$3,037,500

$4,050,000

South Monmouth Regional
Sewer Authority

S340377-07

$2,827,500

$3,770,000

[
S
tafford Township

S340946-09

$3,510,000

$4,680,000
]

Long Branch Sewerage
Authority

S340336-11

$21,750,000

$29,000,000

Metuchen Borough

S340360-02

$6,750,000

$9,000,000

Somerville Borough

S340551-01

$2,775,000

$3,700,000

Newton Town

S340449-08

$2,737,500

$3,650,000

Wildwood City

S340664-07

$10,687,500

$14,250,000

Netcong Borough

S340538-01

$75,000

$100,000

Manasquan River
Regional Sewerage Authority

S340911-03

$495,000

$660,000

[
S
tafford Township

S340946-10

$6,375,000

$8,500,000
]

S
tafford Township

S340946-11

$10,050,000

$13,400,000

Vernon Township

S340745-03

$2,271,750

$3,029,000

Little Egg Harbor
Municipal Utilities Authority

S340579-05

$3,150,000

$4,200,000

Hightstown Borough

S340915-08

$1,875,000

$2,500,000

[
D
elanco Sewerage
Authority

S340956-03

$1,725,000

$2,300,000
]

Tuckerton Borough

S340034-06

$900,000

$1,200,000

Pleasantville City

S340752-04

$3,246,413

$4,328,550

Middlesex County
Utilities Authority

S340699-20

$11,250,000

$15,000,000

Monmouth County
Bayshore Outfall Authority

S340325-04

[
$
1,500,000
]

$2,062,500

[
$
2,000,000
]

$2,750,000

Monmouth County
Bayshore Outfall Authority

S340325-04a

[
$
1,500,000
]

$2,062,500

[
$
2,000,000
]

$2,750,000

Camden County Municipal
Utilities Authority

S340640-30

$5,625,000

$7,500,000

Camden County Municipal
Utilities Authority

S340640-34

$13,350,000

$17,800,000

Middlesex County
Utilities Authority

S340699-16

$20,250,000

$27,000,000

Rockaway Valley
Regional Sewer Authority

S340821-10

$6,375,000

$8,500,000

Toms River Municipal
Utilities Authority

S340145-07

$6,750,000

$9,000,000

Brick Township
Municipal Utilities Authority

S340448-12

$6,750,000

$9,000,000

[
B
rick Township Municipal
Utilities Authority

S340448-13

$3,450,000

$4,600,000

Northwest Bergen County
Utilities Authority

S340700-19

$6,099,338

$8,132,450
]

Brick Township
Municipal Utilities Authority

S340448-15

$1,650,000

$2,200,000

Franklin Township
Sewerage Authority

S340839-11

$1,875,000

$2,500,000

Western Monmouth
Utilities Authority

S340128-08

$6,000,000

$8,000,000

[
F
ranklin Township
Sewerage Authority

S340839-09

$5,700,000

$7,600,000
]

Franklin Township
Sewerage Authority

S340839-10

$7,125,000

$9,500,000

Landis Sewerage
Authority

S340461-10

$2,700,000

$3,600,000

Mount Laurel Township
Municipal Utilities Authority

S340943-09

$4,500,000

$6,000,000

Hackensack City

S340923-22

$1,987,500

$2,650,000

[
M
ount Laurel Township
Municipal Utilities Authority

S340943-07

$6,000,000

$8,000,000

North Brunswick
Township

S340888-03

$2,475,000

$3,300,000
]

North Brunswick
Township

S340888-04

$2,625,000

$3,500,000

[
D
eptford Township
Municipal Utilities Authority

S340066-03

$750,000

$1,000,000

Deptford Township
Municipal Utilities Authority

S340066-04

$750,000

$1,000,000
]

Hillside Township

S340686-10

$1,950,000

$2,600,000

[
H
opewell Township

S340282-03

$1,500,000

$2,000,000

Mantua Township
Municipal Utilities Authority

S340514-01

$2,007,375

$2,676,500

Mantua Township
Municipal Utilities Authority

S340514-03

$1,022,625

$1,363,500
]

Berkeley Heights
Township

S340385-08

$525,000

$700,000

[
N
orth Haledon Borough

S340229-02

$75,000

$100,000

North Haledon Borough

S340229-01

$1,875,000

$2,500,000

Carneys Point Sewerage
Authority

S340502-08

$1,500,000

$2,000,000
]

Haddon Heights Borough

S340877-02

$487,500

$650,000

Highlands Borough

S340901-05

$6,375,000

$8,500,000

[
M
edford Lakes Borough

S340319-03

$8,250,000

$11,000,000

Hamburg Borough

S340149-03

$75,000

$100,000

Hamburg Borough

S340149-04

$750,000

$1,000,000

Wenonah Borough

S340531-01

$997,500

$1,330,000

Clinton Township
Sewerage Authority

S340873-04

$1,875,000

$2,500,000
]

Buena Borough

S340519-01

$2,700,000

$3,600,000

Wildwood Crest Borough

S340719-05

$3,075,000

$4,100,000

Cape May City

S340258-03

$4,687,500

$6,250,000

Gibbsboro Borough

S340871-04

$1,125,000

$1,500,000

Long Beach Township

S340023-10

$5,677,500

$7,570,000

Fieldsboro Borough

S340522-01

$3,750,000

$5,000,000

North Bergen Township

S340652-17

$3,225,000

$4,300,000

Willingboro Municipal
Utilities Authority

S340132-10

$13,650,000

$18,200,000

Passaic Valley Sewerage
Commission

S340689-46

$51,750,000

$69,000,000

Passaic Valley Sewerage
Commission

S340689-54

$16,950,000

$22,600,000

Ocean Gate Borough

S340151-02

$1,125,000

$1,500,000

Atlantic City

S340439-07

$1,575,000

$2,100,000

Camden County Municipal
Utilities Authority

S340640-35

$3,862,500

$5,150,000

Ocean County Utilities
Authority

S340372-65

$3,150,000

$4,200,000

[
H
ackensack City

S340923-15

$1,575,000

$2,100,000
]

Atlantic County
Utilities Authority

S340809-31

$30,600,000

$40,800,000

Seaside Heights Borough

S340236-03

$2,550,000

$3,400,000

Seaside Park Borough

S340083-05

$862,500

$1,150,000

North Bergen Municipal
Utilities Authority

S340652-19

$975,000

$1,300,000

[
L
ower Township Municipal
Utilities Authority

S340810-05

$22,500,000

$30,000,000
]

Boonton Town

S340265-02

$2,475,000

$3,300,000

Runnemede Borough

S340363-07

$8,250,000

$11,000,000

[
N
ewton Town

S340449-04

$1,875,000

$2,500,000
]

Gloucester Township

S340364-19

$1,500,000

$2,000,000

Gloucester Township

S340364-16

$450,000

$600,000

Gloucester Township

S340364-17

$967,649

$1,290,198

Gloucester Township

S340364-18

$1,125,000

$1,500,000

[
N
ewton Town

S340449-10

$1,651,125

$2,201,500
]

Passaic Valley Sewerage
Commission

S340689-66

$17,625,000

$23,500,000

Hackensack City

S340923-25

$1,575,000

$2,100,000

Trenton City

S340416-14

$18,000,000

$24,000,000

New Brunswick City

S340437-13

[
$
2,587,500
]

$2,362,500

[
$
3,450,000
]

$3,150,000

Atlantic City Municipal
Utilities Authority

S340439-04

$2,300,000

$3,066,667

East Orange City

S340843-03

$12,825,000

$17,100,000

Sussex County Municipal
Utilities Authority

S342008-07

$5,625,000

$7,500,000

[
B
urlington City

S340140-02

$1,950,000

$2,600,000
]

Lakewood Township
Municipal Utilities Authority

S340465-04

$6,000,000

$8,000,000

South Orange Village

S340103-02

$2,002,500

$2,670,000

[
B
rick Township Municipal
Utilities Authority

S340448-14

$1,500,000

$2,000,000
]

Passaic Valley Water
Commission

S340322-03

$2,850,000

$3,800,000

Manchester Township

S340650-09

$3,262,500

$4,350,000

Lyndhurst Township

S340426-09

$3,000,000

$4,000,000

[
W
est Deptford Township

S340947-06

$3,540,000

$4,720,000
]

Glen Ridge Borough

S340861-02

$1,575,000

$2,100,000

Bordentown City

S340219-04

$3,000,000

$4,000,000

Island Heights Borough

S340176-03

$750,000

$1,000,000

[
S
hip Bottom Borough

S340311-04

$2,062,500

$2,750,000
]

Total Projects:
[
151
]

142

[
$
1,279,030,279
]

$1,456,129,739

[
$
1,705,373,702
]

$1,941,506,317

���� (2) The department is
authorized to make clean water and drinking water project loans to the
following municipalities receiving funding from the �Pinelands Infrastructure
Trust Fund,� established pursuant to section 14 of the �Pinelands
Infrastructure Trust Bond Act of 1985,� P.L.1985, c.302:

Project Sponsor

Project Number

Estimated Total Loan Amount

Pemberton Twp.

Pinelands 1

$2,929,000

Manchester Twp./Jackson MUA

Pinelands 2

$7,192,035

Galloway Twp.

Pinelands 4

$3,493,440

Winslow Twp.

Pinelands 5

$1,728,940

Total Pinelands Projects: 4

$15,343,415

���� b.� The following
environmental infrastructure projects shall be known and may be cited as the �Storm
Sandy and State Fiscal Year 2026 Drinking Water Project Eligibility List�:

Project Sponsor

Project Number

Estimated Allowable DEP Loan Amount

Estimated Total Loan Amount

Passaic Valley Water
Commission

1605002-002

[
$
54,000,000
]

$41,287,500

[
$
72,000,000
]

$55,050,000

Lakewood Township
Municipal Utilities Authority

1514002-001

$11,250,000

$15,000,000

Orange City

0717001-013

$975,000

$1,300,000

Camden City

0408001-001

$43,312,500

$57,750,000

Wildwood City

0514001-007

$18,750,000

$25,000,000

Red Bank Borough

1340001-004

$9,000,000

$12,000,000

Flemington Borough

1009001-010

$300,000

$400,000

Manchester Utilities
Authority

1603001-001

$787,500

$1,050,000

Bloomfield Township

0702001-004

$3,000,000

$4,000,000

Jersey City Municipal
Utilities Authority

0906001-035

$116,250,000

$155,000,000

Merchantville
Pennsauken Water Commission

0424001-006

$7,612,500

$10,150,000

Aqua New Jersey
Incorporated

0415002-001

$6,637,500

$8,850,000

Ridgewood Village

0251001-001

[
$
30,000,000
]

$31,500,000

[
$
40,000,000
]

$42,000,000

Ridgewood Village

0251001-002

$13,500,000

$18,000,000

Ridgewood Village

0251001-003

$7,200,000

$9,600,000

Belleville Township

0701001-008

$2,676,564

$3,568,752

Livingston Township

0710001-001

$9,000,000

$12,000,000

Livingston Township

0710001-002

$3,750,000

$5,000,000

[
W
aldwick Borough

0264001-003

$5,250,000

$7,000,000

Ho-Ho-Kus Borough

0228001-002

$3,000,000

$4,000,000

Essex Fells Borough

0706001-003

$7,500,000

$10,000,000
]

Essex Fells Borough

0706001-004

$3,750,000

$5,000,000

Essex Fells Borough

0706001-005

$3,787,500

$5,050,000

Lake Stockholm Systems,
Inc.

1911002-001

$1,725,000

$2,300,000

[
B
rick Township Municipal
Utilities Authority

1506001-011

$15,667,500

$20,890,000

High Bridge Borough

1014001-004

$1,875,000

$2,500,000
]

Aqua New Jersey
Incorporated

1911004-001

$2,250,000

$3,000,000

Newark City

0714001-024

$11,250,000

$15,000,000

Newton Town

1915001-001

$3,000,000

$4,000,000

[
M
erchantville Pennsauken
Water Commission

0424001-004

$6,525,000

$8,700,000

NJ American Water
Company, Incorporated

2004002-012

$48,750,000

$65,000,000
]

Atlantic City Municipal
Utilities Authority

0102001-013

$3,900,000

$5,200,000

Wildwood City

0514001-008

$2,662,500

$3,550,000

Newark City

0714001-023

$17,250,000

$23,000,000

Seaside Heights Borough

1526001-002

$7,500,000

$10,000,000

Allentown Borough

1302001-006

$945,000

$1,260,000

Allentown Borough

1302001-007

$2,437,500

$3,250,000

Bloomfield Township

0702001-006

[
$
13,125,000
]

$7,387,500

[
$
17,500,000
]

$9,850,000

Trenton City

1111001-013

$7,893,900

$10,525,200

Aqua New Jersey
Incorporated

2119001-002

$7,162,500

$9,550,000

Hawthorne Borough

1604001-003

$2,100,000

$2,800,000

Hawthorne Borough

1604001-004

$2,250,000

$3,000,000

Margate City

0116001-003

$4,950,000

$6,600,000

Bayonne City

0901001-005

$9,375,000

$12,500,000

Passaic Valley Water
Commission

1605002-033

$3,750,000

$5,000,000

Park Ridge Borough

0247001-002

$3,187,500

$4,250,000

[
B
rick Township Municipal
Utilities Authority

1506001-014

$2,700,000

$3,600,000
]

Jersey City Municipal
Utilities Authority

0906001-024

$10,087,500

$13,450,000

Manchester Utilities
Authority

1603001-004

$1,500,000

$2,000,000

Mount Laurel Township
Municipal Utilities Authority

0324001-004

$1,500,000

$2,000,000

Verona Township

0720001-006

[
$
2,625,000
]

$3,750,000

[
$
3,500,000
]

$5,000,000

[
H
awthorne Borough

1604001-002

$7,500,000

$10,000,000

Upper Deerfield
Township

0613004-002

$3,300,000

$4,400,000

Willingboro Municipal
Utilities Authority

0338001-010

$5,400,000

$7,200,000

NJ American Water
Company, Incorporated

0712001-016

$39,375,000

$52,500,000
]

Boonton Town

1401001-003

$4,875,000

$6,500,000

Upper Deerfield
Township

0613004-003

$937,500

$1,250,000

Old Bridge Municipal
Utilities Authority

1209002-005

$3,525,000

$4,700,000

[
A
llentown Borough

1302001-004

$1,746,720

$2,328,960
]

Cape May City

0502001-005

$1,875,000

$2,500,000

Stone Harbor Borough

0510001-001

[
$
9,000,000
]

$6,262,500

[
$
12,000,000
]

$8,350,000

Newton Town

1915001-003

$750,000

$1,000,000

Seaside Heights Borough

1526001-003

$4,050,000

$5,400,000

Hightstown Borough

1104001-011

$825,000

$1,100,000

Burlington City

0305001-003

$1,650,000

$2,200,000

[
H
oboken City

0905001-003

$7,500,000

$10,000,000
]

Berkeley Township
Municipal Utilities Authority

1505323-001

$1,575,000

$2,100,000

North Brunswick
Township

1215001-008

$4,875,000

$6,500,000

[
D
eptford Township
Municipal Utilities Authority

0802001-002

$1,425,000

$1,900,000

Deptford Township
Municipal Utilities Authority

0802001-003

$1,275,000

$1,700,000
]

Edison Township

1205001-001

$6,375,000

$8,500,000

East Windsor Municipal
Utilities Authority

1101002-005

$1,500,000

$2,000,000

Little Egg Harbor
Municipal Utilities Authority

1516001-007

$2,625,000

$3,500,000

[
C
linton Town

1005001-012

$2,625,000

$3,500,000
]

North Caldwell Borough

0715001-002

$2,850,000

$3,800,000

Roosevelt Borough

1314001-003

$1,500,000

$2,000,000

Roosevelt Borough

1341001-008

$750,000

$1,000,000

Roosevelt Borough

1341001-009

$600,000

$800,000

Robbinsville Township

1112001-001

[
$
1,650,000
]

$2,062,500

[
$
2,200,000
]

$2,750,000

Evesham Municipal
Utilities Authority

0313001-004

$3,225,000

$4,300,000

Willingboro Municipal
Utilities Authority

0338001-014

$2,625,000

$3,500,000

Monroe Municipal
Utilities Authority

0811002-003

$4,875,000

$6,500,000

Pine Hill Municipal
Utilities Authority

0428002-006

$2,325,000

$3,100,000

Allamuchy Township

2101001-001

$1,125,000

$1,500,000

Ocean Gate Borough

1521001-004

$1,387,500

$1,850,000

Brookwood Musconetcong
River Property Owners Association

1904001-005

$1,575,000

$2,100,000

Mount Arlington Borough

1426005-001

$1,575,000

$2,100,000

Brick Township
Municipal Utilities Authority

1506001-016

$8,475,000

$11,300,000

Verona Township

0720001-008

$1,500,000

$2,000,000

Willingboro Municipal
Utilities Authority

0338001-005

$1,500,000

$2,000,000

Pemberton Township

0329004-001

$4,125,000

$5,500,000

Harvey Cedars Borough

1509001-002

$2,325,000

$3,100,000

[
H
igh Bridge Borough

1014001-001

$75,000

$100,000
]

Lavallette Borough

1515001-002

$3,825,000

$5,100,000

Total Projects:
[
59
]

76

[
$
488,773,284
]

$542,065,464

[
$
651,697,712
]

$722,753,952

���� c.���� The department is
authorized to adjust the allowable department loan amount for projects
authorized in this section to between zero percent and 100 percent of the total
allowable loan amount, and, if the department loan amount is adjusted to 100
percent of the total allowable loan amount, the loan shall be provided pursuant
to the terms and conditions of the financing program year in which the
construction loan component of the project was certified by the department, and
for which the trust issued an interim financing program loan, or, in the
absence of an interim financing program loan, the terms and conditions of the
State fiscal year 2026 financing program.

���� 4.� Section 4 of P.L.2025,
c.109 is amended to read as follows:

���� 4.��� Any financing loan made
by the department pursuant to
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
shall be subject to the following
requirements:

���� a.���� The
Commissioner of Environmental Protection has certified that the project is in
compliance with the provisions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992,
c.88, P.L.1997, c.223, P.L.1997, c.225, or P.L.2003, c.162, and any rules and
regulations adopted pursuant thereto;

���� b.��� Except as otherwise
provided in this subsection, a loan for an environmental infrastructure project
listed in section 2 or 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
shall be subject to the terms and
conditions of the financing program year in which the construction loan
component of the project was certified by the department, and for which the
trust issued an interim financing program loan, or, in the absence of an
interim financing program loan, the terms and conditions of the State fiscal
year 2026 financing program;

���� c.���� Notwithstanding the
provisions of sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, the department allowable loan amount may
be 100 percent of the total allowable loan amount for:

���� (1) clean water project and
drinking water project loans to (a) municipalities that do not satisfy the New
Jersey Infrastructure Bank credit policy but are subject to State financial
supervision and oversight pursuant to the �Local Government Supervision Act
(1947),� P.L.1947, c.151 (C.52:27BB-1 et seq.), or (b) municipal, county, or
regional sewerage authorities, or utilities authorities, that do not satisfy
the New Jersey Infrastructure Bank credit policy but where the municipal
participant through its service agreement with the authority or utility is
under State financial supervision and oversight pursuant to the �Local
Government Supervision Act (1947),� P.L.1947, c.151 (C.52:27BB-1 et seq.), and
the repayment obligation of the authority or utility is secured by the full
faith and credit of the participating municipality pursuant to the service
agreement;

���� (2) clean water and drinking
water loans to municipalities receiving funding under the United States
Department of Housing and Urban Development Community Development Block Grant �
Disaster Recovery Program (CDBG-DR); and

���� (3) clean water loans to
municipal, county, or regional sewerage authorities that qualify for Sewer
Overflow and Stormwater Reuse grants for combined sewer overflows or stormwater
management projects;

���� d.��� With the exception of a
loan for which the department issues 100 percent of the loan amount pursuant to
subsection b. of section 2, subsection c. of section 3, and subsection c. of
this section, the loan shall be conditioned upon approval of a loan from the
New Jersey Infrastructure Bank pursuant to P.L.2025, c.125
,
as amended by P.L. ,
c. (pending before the Legislature as Senate Bill No. 4797
and Assembly Bill No. 5977 of the 2024-25 session)
;

���� e.���� The loan shall be
repaid within a period not to exceed 30 years, or 35 years for loans funded
pursuant to the federal �Water Infrastructure Finance and Innovation Act of
2014,� 33 U.S.C. s.3901 et seq. as amended and supplemented, or 45 years for
combined sewer overflow abatement projects, of the making of the loan; and

���� f.���� The loan shall be
subject to any other terms and conditions as may be established by the
commissioner and approved by the State Treasurer, which may include,
notwithstanding any other provision of law to the contrary, subordination of a
loan authorized in
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to loans made by the New Jersey
Infrastructure Bank pursuant to P.L.2025, c.125,
as amended by P.L. , c. (pending
before the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of
the 2024-25 session),
or to administrative fees payable to the trust
pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).

���� g.��� Notwithstanding the
provisions of any applicable law or regulation to the contrary, drinking water
projects may be funded by the �Pinelands Infrastructure Trust Fund� established
pursuant to section 14 of the �Pinelands Infrastructure Trust Bond Act of 1985,�
P.L.1985, c.302. Drinking water projects financed by the Pinelands
Infrastructure Trust Fund shall be funded in accordance with the regulations
applicable to the financing of wastewater projects by the Pinelands
Infrastructure Trust Fund unless and until regulations specific to the
financing of drinking water projects are promulgated.

���� 5.� Section 5 of P.L.2025,
c.109 is amended to read as follows:

���� 5.��� Any Sandy financing loan
made by the department pursuant to
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
shall be subject to the following
requirements:

���� a.���� The commissioner has
certified that the project is in compliance with the provisions of Title X,
Chapter 7 of the Federal Disaster Relief Appropriations Act;

���� b.��� The commissioner has
certified that the project is in compliance with the provisions of P.L.1977,
c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225, or
P.L.2003, c.162, and any rules and regulations adopted pursuant thereto; and

���� c.���� The loan shall be
subject to any other terms and conditions as may be established by the
commissioner and approved by the State Treasurer, which may include,
notwithstanding any other provision of law to the contrary, subordination of a
loan authorized in
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
to loans made by the trust pursuant to
P.L.2025, c.125,
as amended by
P.L. , c. (pending before the
Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the 2024-25
session),
or to administrative fees payable to the trust pursuant to
subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).

���� 6.� Section 6 of P.L.2025,
c.109 is amended to read as follows:

���� 6.��� The eligibility lists
and authorization for the making of loans pursuant to sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
shall expire on July 1, 2026, and any
project sponsor which has not executed and delivered a loan agreement with the
department for a loan authorized in
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
shall no longer be entitled to that loan.

���� 7.� Section 7 of P.L.2025,
c.109 is amended to read as follows:

���� 7.��� The Commissioner of
Environmental Protection is authorized to reduce or increase the individual
amount of loan funds made available to or on behalf of project sponsors
pursuant to sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
based upon final or low-bid building
costs defined in and determined in accordance with rules and regulations
adopted by the commissioner pursuant to section 4 of P.L.1985, c.329, section 2
of P.L.1999, c.362 (C.58:12A-12.2), or section 5 of P.L.1981, c.261, provided
that the total loan amount does not exceed the estimated total allowable loan
amount.� The commissioner is authorized to reduce or increase the individual
amount of loan funds made available to or on behalf of project sponsors
pursuant to sections 2 and 3 of
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
in an amount not to exceed 10 percent of
the total allowable loan amount based upon additional project costs to comply
with the department�s guidance for asset management, emergency response, flood
protection, and auxiliary power.

���� 8.� Section 8 of P.L.2025,
c.109 is amended to read as follows:

���� 8.��� The expenditure of the
funds appropriated by
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill),
is subject to the provisions and
conditions of P.L.1977, c.224, P.L.1985, c.302, P.L.1985, c.329, P.L.1989,
c.181, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225, or P.L.2003, c.162,
and the rules and regulations adopted by the Commissioner of Environmental
Protection pursuant thereto, and the provisions of the Federal Disaster Relief
Appropriations Act, the Federal Clean Water Act, and the Federal Safe Drinking
Water Act, and any amendatory and supplementary acts thereto.

���� 9.� Section 10 of P.L.2025,
c.109 is amended to read as follows:

���� 10. a. Prior to repayment to
the Clean Water State Revolving Fund pursuant to sections 1 and 2 of P.L.2009,
c.77 and any amendatory and supplementary acts thereto, prior to repayment to
the �Wastewater Treatment Fund� pursuant to the provisions of section 16 of
P.L.1985, c.329, prior to repayment to the �1992 Wastewater Treatment Fund�
pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment
to the Drinking Water State Revolving Fund, prior to repayment to the �Stormwater
Management and Combined Sewer Overflow Abatement Fund� pursuant to the
provisions of section 15 of P.L.1989, c.181, prior to repayment to the �2003
Water Resources and Wastewater Treatment Fund� pursuant to the provisions of
section 20 of P.L.2003, c.162, prior to repayment to the �Water Supply Fund�
pursuant to the provisions of section 15 of P.L.1981, c.261, or prior to the
repayment to the �Pinelands Infrastructure Trust Fund� pursuant to the
provisions of section 5 of P.L.1985, c.302, repayments of loans made pursuant
to these acts may be utilized by the New Jersey Infrastructure Bank established
pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), as amended and supplemented
by P.L.1997, c.224, under terms and conditions established by the commissioner
and trust, approved by the State Treasurer, and consistent with the provisions
of P.L.1985, c.334 (C.58:11B-1 et seq.) and federal tax, environmental or
securities law, to the extent necessary to secure repayment of trust bonds
issued to finance loans approved pursuant to P.L.2025, c.125,
as amended by P.L. ,
c. (pending before the Legislature as Senate Bill No. 4797
and Assembly Bill No. 5977 of the 2024-25 session),
and to secure
the administrative fees payable to the trust pursuant to subsection o. of
section 5 of P.L.1985, c.334 (C.58:11B-5) by the project sponsors receiving
trust loans.

���� b.��� Prior to repayment to
the Clean Water State Revolving Fund pursuant to section 1 and 2 of P.L.2009,
c.77 and any amendatory and supplementary acts thereto, prior to repayment to
the �Wastewater Treatment Fund� pursuant to the provisions of section 16 of
P.L.1985, c.329, prior to repayment to the �1992 Wastewater Treatment Fund�
pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment
to the �Water Supply Fund� pursuant to the provisions of section 15 of
P.L.1981, c.261, prior to repayment to the Drinking Water State Revolving Fund,
prior to repayment to the �2003 Water Resources and Wastewater Treatment Fund�
pursuant to the provisions of section 20 of P.L.2003, c.162, prior to repayment
to the �Stormwater Management and Combined Sewer Overflow Abatement Fund�
pursuant to the provisions of section 15 of P.L.1989, c.181, or prior to
repayment to the �Pinelands Infrastructure Trust Fund� pursuant to the
provisions of section 5 of P.L.1985, c.302, the trust is further authorized to
utilize repayments of loans made pursuant to P.L.1989, c.189, P.L.1990, c.99,
P.L.1991, c.325, P.L.1992, c.38, P.L.1993, c.193, P.L.1994, c.106, P.L.1995,
c.219, P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174,
P.L.2000, c.92, P.L.2001, c.222, P.L.2002, c.70, P.L.2003, c.158, P.L.2004,
c.109, P.L.2005, c.196, P.L.2006, c.68, P.L.2007, c.139, P.L.2008, c.68,
P.L.2009, c.102, P.L.2010, c.63, P.L.2011, c.93, P.L.2012, c.43, P.L.2013,
c.95, P.L.2014, c.25, P.L.2015, c.108, P.L.2016, c.32, P.L.2017, c.143, as
amended by P.L.2017, c.326, P.L.2018, c.85, as amended by P.L.2018, c.137,
P.L.2019, c.12, P.L.2019, c.193, as amended by P.L.2019, c.514, P.L.2020, c.49,
as amended by P.L.2021, c.21, P.L.2021, c.203, as amended by P.L.2021, c.328,
P.L.2022, c.99, as amended by P.L.2023, c.6, P.L.2023, c.120, as amended by
P.L.2023, c.344, P.L.2024, c.35, as amended by P.L.2025, c.10, or
[
this act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before the
Legislature as this bill)
, to secure repayment of trust bonds issued
to finance loans approved pursuant to P.L.1995, c.218, P.L.1996, c.87,
P.L.1997, c.222, P.L.1998, c.85, P.L.1999, c.173, P.L.2000, c.93, P.L.2001,
c.224, P.L.2002, c.71, P.L.2003, c.159, P.L.2004, c.110, P.L.2005, c.197,
P.L.2006, c.67, P.L.2007, c.140, P.L.2008, c.67, P.L.2009, c.101, P.L.2010,
c.62, P.L.2011, c.95, P.L.2012, c.38, P.L.2013, c.94, P.L.2014, c.26, P.L.2015,
c.107, P.L.2016, c.31, P.L.2017, c.142, as amended by P.L.2017, c.327,
P.L.2018, c.84, as amended by P.L.2019, c.30, P.L.2019, c.192, as amended by
P.L.2019, c.515, P.L.2020, c.48, as amended by P.L.2021, c.22, P.L.2021, c.204,
as amended by P.L.2021, c.316, P.L.2022, c.100, as amended by P.L.2023, c.5,
P.L.2023, c.119, as amended by P.L.2023, c.343, P.L.2024, c.41, as amended by
P.L.2025, c.8, or P.L.2025, c.125
,
as
amended by P.L. , c. (pending before
the Legislature as Senate Bill No. 4797 and Assembly Bill No. 5977 of the
2024-25 session),
and to secure the administrative fees payable to
the trust under these loans pursuant to subsection o. of section 5 of P.L.1985,
c.334 (C.58:11B-5).

���� c.���� To the extent that any
loan repayment sums are used to satisfy any trust bond repayment or
administrative fee payment deficiencies, the trust shall repay such sums to the
department for deposit into the Clean Water State Revolving Fund, the �Wastewater
Treatment Fund,� the �1992 Wastewater Treatment Fund,� the �Water Supply Fund,�
the Drinking Water State Revolving Fund, the �2003 Water Resources and
Wastewater Treatment Fund,� the �Stormwater Management and Combined Sewer
Overflow Abatement Fund,� or the �Pinelands Infrastructure Trust Fund,� as
appropriate, from amounts received by or on behalf of the trust from project
sponsors causing any such deficiency.

���� 10.� Section 13 of P.L.2025,
c.109 is amended to read as follows:

���� 13.� There is appropriated to
the New Jersey Infrastructure Bank established pursuant to P.L.1985, c.334
(C.58:11B-1 et seq.), funds from the Federal Disaster Relief Appropriations Act
deposited in any account including the Clean Water State Revolving Fund, the �Water
Supply Fund,� or the Drinking Water State Revolving Fund, as appropriate, funds
transferred by the department to the New Jersey Infrastructure Bank pursuant to
paragraph (21) of subsection a. of section 1 of
[
this
act
]

P.L.2025, c.109, as amended by
P.L. , c. (pending before
the Legislature as this bill)
, and funds from any net earnings
received from the investment and reinvestment of such deposits, such sums as
the chairperson of the trust certifies to the Commissioner of Environmental
Protection to be necessary and appropriate for deposit into one or more reserve
funds or accounts established by the trust pursuant to section 11 of P.L.1985,
c.334 (C.58:11B-11).

���� 11. This act shall take effect
immediately.

STATEMENT

���� This bill would amend
P.L.2025, c.109 to revise the lists of environmental infrastructure projects
for which the Legislature has appropriated funds to the Department of
Environmental Protection (DEP) for State fiscal year 2026.

���� In July 2025, P.L.2025, c.109
was enacted into law, which appropriated funds to the DEP for the purpose of
financing approximately $2.4 billion in Storm Sandy and other environmental
infrastructure projects through the New Jersey Infrastructure Bank (NJIB) in
FY2026.� This bill would amend the lists of environmental infrastructure
projects for which the DEP is appropriated funds pursuant to P.L.2025, c.109 to
include new projects, remove projects, modify the priority of certain projects,
and modify the loan amounts for certain projects.� As amended by the bill,
P.L.2025, c.109 would appropriate to the DEP up to $2.69 billion, and any
unexpended balances from previous authorizations, to provide loans to project
sponsors for a total of 225 eligible environmental infrastructure projects for
FY2026.� This would include 142 projects on the �Storm Sandy and State Fiscal
Year 2026 Clean Water Project Eligibility List� and 76 projects on the �Storm
Sandy and State Fiscal Year 2026 Drinking Water Project Eligibility List.�