New Jersey legislation · 2026-2027 Regular Session
New Jersey A4961: Transportation infrastructure projects, FY2027-expend cert sums to make loans
Status: Signed into law, July 8, 2026
Authorizes NJ Infrastructure Bank to expend certain sums to make loans for transportation infrastructure projects for FY2027; makes appropriation.
What the bill says
An Act authorizing the expenditure of funds by the New Jersey Infrastructure Bank for the purpose of making loans to eligible project sponsors to finance the cost to construct transportation infrastructure projects and making an appropriation. Jersey: 1. As used in this act: Bank means the New Jersey Infrastructure Bank, established pursuant to section 4 of P.L.1985, c.334 (C.58:11B-4). Capitalized interest means an amount equal to the interest paid on bank transportation bonds that is funded with bank transportation bond proceeds and the earnings thereon. Debt service reserve fund expens.
From the chaptered text, July 8, 2026:
An Act authorizing the expenditure of funds by the New Jersey Infrastructure Bank for the purpose of making loans to eligible project sponsors to finance the cost to construct transportation infrastructure projects and making an appropriation. Jersey: 1. As used in this act: Bank means the New Jersey Infrastructure Bank, established pursuant to section 4 of P.L.1985, c.334 (C.58:11B-4). Capitalized interest means an amount equal to the interest paid on bank transportation bonds that is funded with bank transportation bond proceeds and the earnings thereon. Debt service reserve fund expenses means the debt service reserve fund costs associated with reserve capacity expenses. Issuance expenses means any costs related to the issuance of bank transportation bonds and includes, but is not limited to, the costs of financial document printing, bond insurance premiums or other credit enhancement, underwriters discount, verification of financial calculations, the services of bond rating agencies and trustees, and the employment of accountants, attorneys, financial advisors, loan servicing agents, registrars, and paying agents. Loan origination fee means the fee charged by the bank to pay a portion of the costs incurred by the bank and the Department of Transportation in the implementation of the New Jersey Transportation Infrastructure Financing Program. Project sponsor means a local government unit receiving a loan from the bank pursuant to this act. Reserve capacity …