S 4217: Authorizes NJ Infrastructure Bank to expend certain sums to make loans for Community Hazard Assistance Mitigation Program projects for FY2027.
S 4217 status: Introduced — Approved P.L.2026, c.35 (updated Jul 8, 2026).
What this bill does
Overall score
Bill summary
OfficialThis bill would allow the New Jersey Infrastructure Bank to give out loans to help towns protect themselves from disasters (like floods or storms) during the 2027 budget year. It is currently being reviewed by the State Senate.
Key analysis
Impact analysis
Environment
Benefits
- Supports climate adaptation infrastructure
- Funds local flood and storm mitigation
Risks
- Mitigation projects may have localized ecological disruption
Economy
Benefits
- Provides low-cost financing for municipal capital needs
- Reduces future disaster-related economic losses
Risks
- Increases administrative load on the Infrastructure Bank
Society
Benefits
- Improves public safety against natural disasters
- Protects community housing and public assets
Risks
- Access may be limited to municipalities with strong credit profiles
How trustworthy & consequential it is
Source
OpenStates
Confidence
lowlow
Analysis status
OpenStates summary
Total fiscal exposure is dependent on specific loan disbursement levels
Analysis based on abstract only
Where it stands
Introduced
CurrentApproved P.L.2026, c.35.
Committee
UpcomingFloor
UpcomingGovernor
UpcomingEnacted
UpcomingHow it affects your district
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