Authorizes NJ Infrastructure Bank to expend certain sums to make loans for Community Hazard Assistance Mitigation Program projects for FY2027.

Summary

S 4217 authorizes the New Jersey Infrastructure Bank to use designated sums to make loans supporting projects under the Community Hazard Assistance Mitigation Program for the fiscal year 2027. It affects the bank, local governments and organizations that apply for these mitigation loans, helping them finance work that reduces disaster risk. The measure passed both houses unanimously and has been signed into law.

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