New Jersey legislation · 2026-2027 Regular Session
New Jersey S4603: Clean Water & Safe Communities Bond Act-auth bonds for $5B; approp $5K
Status: In committee, September 28, 2026
"Clean Water and Safe Communities Bond Act," authorizes bonds for $5 billion; appropriates $5,000.
What the bill says
An act making a specific appropriation of any of the moneys. Any act appropriating moneys from the Resilient Infrastructure Fund shall identify the project to be funded by the moneys. b. At any time prior to the issuance and sale of bonds under this act, the State Treasurer is authorized to transfer from any available moneys in any fund of the treasury of the State to the credit of the Resilient Infrastructure Fund those sums as the State Treasurer may deem necessary. The sums so transferred shall be returned to the same fund of the treasury of the State by the State Treasurer from the pro.
From the introduced text, September 28, 2026:
an act making a specific appropriation of any of the moneys. Any act appropriating moneys from the Resilient Infrastructure Fund shall identify the project to be funded by the moneys. b. At any time prior to the issuance and sale of bonds under this act, the State Treasurer is authorized to transfer from any available moneys in any fund of the treasury of the State to the credit of the Resilient Infrastructure Fund those sums as the State Treasurer may deem necessary. The sums so transferred shall be returned to the same fund of the treasury of the State by the State Treasurer from the proceeds of the sale of the first issue of bonds. c. Pending their application to the purposes provided in this act, the moneys in the Resilient Infrastructure Fund may be invested and reinvested as are other trust funds in the custody of the State Treasurer, in the manner provided by law. Net earnings received from the investment, reinvestment, or deposit of moneys in the Resilient Infrastructure Fund shall be deposited into the Resilient Infrastructure Fund and become part of that fund. 16. If any coupon bond, coupon or registered bond is lost, mutilated or destroyed, a new bond or coupon shall be executed and delivered of like tenor, in substitution for the lost, mutilated or …