Makes various changes to New Jersey Infrastructure Bank's enabling act.
Reported out of committee Referred to AAP
Summary
The bill revises the Infrastructure Bank’s enabling act, adding new definitions for aviation and marine projects and clarifying terms like bonds, notes, and cross‑investment. By broadening the types of projects the Bank can fund, it impacts local governments, authorities and developers seeking financing for airport, port, wastewater and water‑supply infrastructure. The changes aim to modernize the Bank’s authority and improve the state’s ability to support critical infrastructure.
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