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Legicrawler :: New Jersey AB04327
NJAB04327
Amends list of environmental infrastructure projects approved for long-term funding for FY 2017 to include new projects and revise allowable loan amounts for already approved projects. Companion bill: S2732.
Status: 12/19/2016 : Substituted by S2732
All Versions: Introduced

New Jersey Legislation provided by LegiCrawler Analytics © 1997-2017

A4327

ASSEMBLY, No. 4327

STATE OF NEW JERSEY

217th LEGISLATURE

INTRODUCED NOVEMBER 14, 2016

 


 

Sponsored by:

Assemblyman  ANDREW ZWICKER

District 16 (Hunterdon, Mercer, Middlesex and Somerset)

Assemblyman  HERB CONAWAY, JR.

District 7 (Burlington)

Assemblyman  JOE DANIELSEN

District 17 (Middlesex and Somerset)

Assemblywoman  ELIZABETH MAHER MUOIO

District 15 (Hunterdon and Mercer)

Assemblyman  RAJ MUKHERJI

District 33 (Hudson)

Assemblyman  REED GUSCIORA

District 15 (Hunterdon and Mercer)

 

Co-Sponsored by:

Assemblyman Rible, Assemblywoman N.Munoz, Assemblymen Wolfe, Clifton, Auth, Dancer, Assemblywoman Gove, Assemblymen Rumpf, C.A.Brown, Howarth, McGuckin, Webber, Assemblywoman B.DeCroce, Assemblymen DiMaio, Peterson, Assemblywoman Schepisi, Assemblymen S.Kean, Russo, Benson, Eustace, Bramnick, Ciattarelli, Rooney, Assemblywoman Rodriguez-Gregg and Assemblyman Carroll

 

 

 

 

SYNOPSIS

     Amends list of environmental infrastructure projects approved for long-term funding for FY2017 to include new projects and revise allowable loan amounts for already approved projects.   

 

CURRENT VERSION OF TEXT

     As introduced.

 


An Act concerning the financing of environmental infrastructure projects in Fiscal Year 2017 and amending P.L.2016, c.32.    

 

     Be It Enacted by the Senate and General Assembly of the State of New Jersey:

 

     1.    Section 1 of P.L.2016, c.32 is amended to read as follows:

     1.    a. (1) There is appropriated to the Department of Environmental Protection from the "Clean Water State Revolving Fund" established pursuant to section 1 of P.L.2009, c.77, an amount equal to the federal fiscal year 2016 capitalization grant made available to the State for clean water project loans pursuant to the "Water Quality Act of 1987" (33 U.S.C. s.1251 et seq.), and any amendatory and supplementary acts thereto (hereinafter referred to as the "Federal Clean Water Act").

     (2)   There is appropriated to the Department of Environmental Protection from the "Interim Financing Program Fund" created and established by the New Jersey Environmental Infrastructure Trust pursuant to subsection d. of section 9 of P.L.1985, c.334 (C.58:11B-9) such amounts as may be necessary to supplement the sums appropriated from the Clean Water State Revolving Fund for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (3)   There is appropriated to the Department of Environmental Protection from the "Disaster Relief Emergency Financing Program Fund" created and established by the New Jersey Environmental Infrastructure Trust pursuant to section 1 of P.L.2013, c.93 (C.58:11B-9.5) such amounts as may be necessary to supplement the sums appropriated from the Clean Water State Revolving Fund for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (4) There is appropriated to the Department of Environmental Protection from the "Loan Origination Fee Fund" created and established by the New Jersey Environmental Infrastructure Trust pursuant to section 1 of P.L.2005, c.202 (C.58:11B-10.2), and any repayments of loans and interest therefrom, such amounts as may be necessary to supplement the sums appropriated from the Clean Water State Revolving Fund for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (5) There is appropriated to the Department of Environmental Protection from the "Drinking Water State Revolving Fund" established pursuant to section 1 of P.L.1998, c.84 an amount equal to the federal fiscal year 2016 capitalization grant made available to the State for drinking water projects pursuant to the "Safe Drinking Water Act Amendments of 1996," Pub.L.104-182, and any amendatory and supplementary acts thereto (hereinafter referred to as the "Federal Safe Drinking Water Act").

     The Department of Environmental Protection is authorized to transfer from the Clean Water State Revolving Fund to the Drinking Water State Revolving Fund an amount up to the maximum amount authorized to be transferred pursuant to the Federal Safe Drinking Water Act to meet present and future needs for the financing of eligible drinking water projects, and an amount equal to that maximum amount is hereby appropriated to the department for those purposes.

     The Department of Environmental Protection is authorized to transfer from the Drinking Water State Revolving Fund to the Clean Water State Revolving Fund an amount up to the maximum amount authorized to be transferred pursuant to the Federal Clean Water Act to meet present and future needs for the financing of eligible clean water projects, and an amount equal to that maximum amount is hereby appropriated to the department for those purposes.

     (6) There is appropriated to the Department of Environmental Protection the unappropriated balances from the Clean Water State Revolving Fund, including the balances from the Federal Disaster Relief Appropriations Act, and any repayments of loans and interest therefrom, for the purposes of clean water project loans and providing the State match as available on or before June 30, 2017, as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (7) There is appropriated to the Department of Environmental Protection the unappropriated balances from the "Wastewater Treatment Fund" established pursuant to section 15 of the "Wastewater Treatment Bond Act of 1985" (P.L.1985, c.329), and any repayments of loans and interest therefrom, as available on or before June 30, 2017, for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (8) There is appropriated to the Department of Environmental Protection the unappropriated balances from the “1992 Wastewater Treatment Fund” established pursuant to section 27 of the “Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992” (P.L.1992, c.88), and any repayments of loans and interest therefrom, as available on or before June 30, 2017, for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (9) There is appropriated to the Department of Environmental Protection the unappropriated balances from the “2003 Water Resources and Wastewater Treatment Fund” established pursuant to subsection a. of section 19 of the “Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003” (P.L.2003, c.162), and any repayments of loans and interest therefrom, as available on or before June 30, 2017, for the purposes of clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (10) There is appropriated to the Department of Environmental Protection the unappropriated balances from the Drinking Water State Revolving Fund, including the balances from the Disaster Relief Appropriations Act of 2013, for the purposes of drinking water project loans and any repayments of loans and interest therefrom, that are or may become available on or before June 30, 2017.

     (11) There is appropriated to the Department of Environmental Protection such sums as may be needed from loan repayments and interest earnings from the "Water Supply Fund" established pursuant to section 14 of the “Water Supply Bond Act of 1981” (P.L.1981, c.261) for the "Drinking Water State Revolving Fund Match Accounts" contained within that fund for the purpose of providing the State match as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.

     (12) There is appropriated to the Department of Environmental Protection from the “Interim Financing Program Fund” created and established by the New Jersey Environmental Infrastructure Trust pursuant to subsection d. of section 9 of P.L.1985, c.334 (C.58:11B-9) such amounts as may be or become available on or before June 30, 2017, and any repayments of loans and interest therefrom, as may be necessary to supplement the sums appropriated from the Drinking Water State Revolving Fund for the purposes of drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Safe Drinking Water Act.

     (13) There is appropriated to the Department of Environmental Protection from the “Disaster Relief Emergency Financing Program Fund" created and established by the New Jersey Environmental Infrastructure Trust pursuant to section 1 of P.L.2013, c.93 (C.58:11B-9.5) such amounts as may be necessary to supplement the sums appropriated from the Drinking Water State Revolving Fund for the purposes of drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.

     (14) There is appropriated to the Department of Environmental Protection from the "Loan Origination Fee Fund" created and established by the New Jersey Environmental Infrastructure Trust pursuant to section 1 of P.L.2005, c.202 (C.58:11B-10.2), and any repayments of loans and interest therefrom, such amounts as may be necessary to supplement the sums appropriated from the Drinking Water State Revolving Fund for the purposes of drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.

     (15) There is appropriated to the Department of Environmental Protection such sums as may be received by the Department of Community Affairs as the grantee from the United States Department of Housing and Urban Development Community Development Block Grant - Disaster Recovery Program (CDBG-DR), as anticipated and upon availability on or before June 30, 2017, for the purposes of CDBG-DR eligible clean water and drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act and drinking water projects pursuant to the Federal Safe Drinking Water Act, respectively.

     (16) There is appropriated to the Department of Environmental Protection such sums as may be or become available on or before June 30, 2017, as repayments of drinking water project loans and any interest therefrom from the “Water Supply Fund” established pursuant to section 14 of the “Water Supply Bond Act of 1981” (P.L.1981, c.261) for the purposes of drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.

     (17) Of the sums appropriated to the Department of Environmental Protection from the "Water Supply Fund" pursuant to P.L.1999, c.174, P.L.2001, c.222, P.L.2002, c.70 and P.L.2003, c.158, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be or become available on or before June 30, 2017, in such amounts as needed to the Drinking Water State Revolving Fund accounts contained within the Water Supply Fund established for the purposes of providing drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act.

     (18) Of the sums appropriated to the Department of Environmental Protection from the "1992 Wastewater Treatment Fund" pursuant to P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174, P.L.2000, c.92, P.L.2001, c.222 and P.L.2002, c.70, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be or become available on or before June 30, 2017, in such amounts as needed to the Clean Water State Revolving Fund accounts contained within the 1992 Wastewater Treatment Fund for the purposes of providing clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (19) Of the sums appropriated to the Department of Environmental Protection from the "2003 Water Resources and Wastewater Treatment Fund" pursuant to P.L.2004, c.109, and P.L.2007, c.139, the department is authorized to transfer any unexpended balances and any repayments of loans and interest therefrom as may be or become available on or before June 30, 2017, in such amounts as needed to the Clean Water State Revolving Fund accounts contained within the 2003 Water Resources and Wastewater Treatment Fund for the purposes of providing clean water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act.

     (20) There is appropriated to the Department of Environmental Protection the sums deposited by the New Jersey Environmental Infrastructure Trust into the Clean Water State Revolving Fund, the "Wastewater Treatment Fund," the "1992 Wastewater Treatment Fund," the "Water Supply Fund," the "Stormwater Management and Combined Sewer Overflow Abatement Fund," established pursuant to the “Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989” (P.L.1989, c.181), the "2003 Water Resources and Wastewater Treatment Fund" and the Drinking Water State Revolving Fund, as appropriate, pursuant to paragraph (6) of subsection c. of section 1 of P.L.2016, c.31, as available on or before June 30, 2017, for the purposes of providing clean water project loans and drinking water project loans and providing the State match as required or will be required for the award of the capitalization grants made available to the State for clean water projects pursuant to the Federal Clean Water Act and drinking water projects pursuant to the Federal Safe Drinking Water Act.

     Any such amounts shall be for the purpose of making zero interest and principal forgiveness financing loans, to the extent sufficient funds are available, to or on behalf of local government units or public water utilities (hereinafter referred to as "project sponsors") to finance a portion of the cost of construction of clean water projects and drinking water projects listed in sections 2 and 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), and for the purpose of implementing and administering the provisions of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), to the extent permitted by the Federal Disaster Relief Appropriations Act, the Federal Clean Water Act, and any amendatory and supplementary acts thereto, P.L.2009, c.77, the "Wastewater Treatment Bond Act of 1985" (P.L.1985, c.329), the "Water Supply Bond Act of 1981" (P.L.1981, c.261), the "Stormwater Management and Combined Sewer Overflow Abatement Bond Act of 1989" (P.L.1989, c.181), the "Green Acres, Clean Water, Farmland and Historic Preservation Bond Act of 1992" (P.L.1992, c.88), the "Dam, Lake, Stream, Flood Control, Water Resources, and Wastewater Treatment Project Bond Act of 2003" (P.L.2003, c.162), the Federal Safe Drinking Water Act, and any amendatory and supplementary acts thereto, and State law.

     b. The department is authorized to make zero interest and principal forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in subsection a. of section 2 and subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), for clean water projects, up to the individual amounts indicated and in the priority stated, to the extent there are sufficient eligible project applications, and except that any such amounts may be reduced if a project fails to meet the requirements of section 4 or 5 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), or by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), provided:  

     (1) a maximum of $3 million in principal forgiveness loans shall be issued to Barnegat Bay Watershed environmental infrastructure projects as provided in subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), wherein principal forgiveness shall be a minimum of 25 percent of the fund loan amount per project sponsor;

     (2) a maximum of $60 million shall be issued to finance clean water redevelopment projects as provided in subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill);

     (3) a maximum of $3 million in principal forgiveness loans shall be issued as provided in subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), addressing combined sewer overflow abatement projects, including projects that use practices that restore natural hydrology through infiltration, evapotranspiration, or the usage or harvesting of stormwater, wherein principal forgiveness loans shall be a minimum of 25 percent of the fund loan amount per project in an amount not to exceed $1 million of principal forgiveness per project sponsor; and

     (4) those projects listed in subsection a. of section 2 [of this act] and subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), that were previously identified in P.L.2015, c.108 are granted continued priority status and shall be subject to the provisions of P.L.2015, c.108, provided such projects receive short-term funding prior to June 30, 2017.

     c. The department is authorized to make zero interest and principal forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), for drinking water projects, up to the individual amounts indicated and in the priority stated, provided:

     (1) a maximum of 30 percent of the 2016 Drinking Water State Revolving Fund loans not to exceed $5 million may be issued as provided in subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), for drinking water systems, as follows:

     (a) up to $500,000 of Drinking Water State Revolving Fund loans shall be available for drinking water systems serving up to 500 residents wherein principal forgiveness shall be 100 percent of the total loan amount;

     (b) any unexpended funds available pursuant to subparagraph (a) of this paragraph shall be available for drinking water systems serving populations greater than 500 residents and up to 10,000 residents wherein principal forgiveness shall not exceed $500,000 in aggregate when accounting for the principal forgiveness loans issued pursuant to subparagraph (a) of this paragraph, and shall not exceed 50 percent of the total loan amount per project sponsor in an amount not to exceed $1 million per project sponsor.

     Loans for drinking water systems serving 500 or fewer residents shall be given the highest priority, followed by systems serving between 501 to 10,000 residents; and

     (c) any unexpended funds available pursuant to subparagraphs (a) and (b) of this paragraph shall be available for municipally-owned drinking water systems needing treatment for a national primary drinking water contaminant or a State-regulated primary contaminant wherein the principal forgiveness shall not exceed 20 percent of the total loan amount not to exceed $2 million per project sponsor.

     Loans may be made pursuant to this subsection to the extent there are sufficient eligible project applications and as required or will be required for the award of the capitalization grants made available to the State for drinking water projects pursuant to the Federal Safe Drinking Water Act. Any such amounts may be reduced by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), or if a project fails to meet the requirements of section 4 or 5 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill).

     (2)  Those projects listed in subsection b. of section 2 [of this act] and subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), that were previously identified in P.L.2015, c.108 are granted continued priority status and shall be subject to the provisions of P.L.2015, c.108 provided such projects receive short-term funding prior to June 30, 2016.

     d. The department is authorized to make zero interest and principal forgiveness financing loans to or on behalf of the project sponsors for the environmental infrastructure projects listed in sections 2 and 3 of [this act] P.L.2016, c.32, as amended by P.L.    , c.   (pending before the Legislature as this bill), under the same terms, conditions and requirements as set forth in this section from any unexpended balances of the amounts appropriated pursuant to section 1 of P.L.1987, c.200, section 2 of P.L.1988, c.133, section 1 of P.L.1989, c.189, section 1 of P.L.1990, c.99, section 1 of P.L.1991, c.325, section 1 of P.L.1992, c.38, section 1 of P.L.1993, c.193, section 1 of P.L.1994, c.106, section 1 of P.L.1995, c.219, section 1 of P.L.1996, c.85, section 1 of P.L.1997, c.221, section 2 of P.L.1998, c.84, section 2 of P.L.1999, c.174, section 2 of P.L.2000, c.92, sections 1 and 2 of P.L.2001, c.222, sections 1 and 2 of P.L.2002, c.70, sections 1 and 2 of P.L.2003, c.158, sections 1 and 2 of P.L.2004, c.109, sections 1 and 2 of P.L.2005, c.196, sections 1 and 2 of P.L.2006, c.68, sections 1 and 2 of P.L.2007, c.139, sections 1 and 2 of P.L.2008, c.68, sections 1 and 2 of P.L.2009, c.102, sections 1 and 2 of P.L.2010, c.63, sections 1 and 2 of P.L.2011, c.93, sections 1 and 2 of P.L.2012, c.43, sections 1 and 2 of P.L.2013, c.95, sections 1 and 2 of P.L.2014, c.25, [and] sections 1 and 2 of P.L.2015, c.108, and sections 1 and 2 of P.L.2016, c.32, including amounts resulting from the low bid and final building cost reductions authorized pursuant to section 6 of P.L.1987, c.200, section 7 of P.L.1988, c.133, section 6 of P.L.1989, c.189, section 6 of P.L.1990, c.99, section 6 of P.L.1991, c.325, section 6 of P.L.1992, c.38, section 6 of P.L.1993, c.193, section 6 of P.L.1994, c.106, section 6 of P.L.1995, c.219, section 6 of P.L.1996, c.85, section 6 of P.L.1997, c.221, section 7 of P.L.1998, c.84, section 6 of P.L.1999, c.174, section 6 of P.L.2000, c.92, section 6 of P.L.2001, c.222, section 6 of P.L.2002, c.70, section 6 of P.L.2003, c.158, section 6 of P.L.2004, c.109, section 6 of P.L.2005, c.196, section 6 of P.L.2006, c.68, section 6 of P.L.2007, c.139, section 6 of P.L.2008, c.68, section 7 of P.L.2009, c.102, section 6 of P.L.2010, c.63, section 6 of P.L.2011, c.93, section 6 of P.L.2012, c.43, section 6 of P.L.2013, c.95, section 6 of P.L.2014, c.25, [and] section 6 of P.L.2015, c.108, and section 6 of P.L.2016, c.32, and from any repayments of loans and interest from the Clean Water State Revolving Fund, the "Wastewater Treatment Fund," the “Water Supply Fund,” the "1992 Wastewater Treatment Fund," the "2003 Water Resources and Wastewater Treatment Fund," and amounts deposited therein during State fiscal year 2015 and State fiscal year 2016 pursuant to the provisions of section 16 of P.L.1985, c.329, and section 2 of P.L.2009, c.77 and any amendatory and supplementary acts thereto, including any Clean Water State Revolving Fund Accounts contained within the "Wastewater Treatment Fund," and from any repayment of loans and interest from the Drinking Water State Revolving Fund.

     e. The department is authorized to make zero interest and principal forgiveness Sandy financing loans to or on behalf of the project sponsors for the Sandy environmental infrastructure projects listed in subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), for clean water projects and subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill) for drinking water projects, in a manner consistent with the Federal Disaster Relief Appropriations Act, up to the individual amounts indicated, except that any such amount may be reduced by the Commissioner of Environmental Protection pursuant to section 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), or if a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), provided:

     (1) a maximum of $140 million shall be provided for Sandy financing loans for clean water and $30 million for drinking water projects to provide financial assistance to communities affected by the Storm Sandy, and for projects whose purpose is to reduce flood damage risk and vulnerability or to enhance resiliency to rapid hydrologic change or a natural disaster; and

     (2)  a maximum of $10 million shall be provided in the form of principal forgiveness loans for drinking water projects to provide auxiliary power to publicly-owned facilities affected by Storm Sandy.

     f.  For the purposes of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill):

     “Base financing” means zero interest loans provided by the Department of Environmental Protection from moneys made available for the purposes of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), from any source other than funds received pursuant to the Federal Disaster Relief Appropriations Act, related State matching funds, and interest earned thereon.

     "Federal Disaster Relief Appropriations Act" means the "Disaster Relief Appropriations of 2013" (Pub.L.113-2), and any amendatory and supplementary acts thereto.

     "Sandy financing” or “Sandy funding" means grants, zero interest loans or principal forgiveness loans provided by the Department of Environmental Protection from funds made available to the State for clean water projects, clean water project match, drinking water projects or drinking water project match pursuant to the Federal Disaster Relief Appropriations Act.

(cf:  P.L.2016, c.32, s.1)

 

     2.    Section 2 of P.L.2016, c.32 is amended to read as follows:

     2.  a.  (1)  The department is authorized to expend funds for the purpose of making supplemental zero interest loans to or on behalf of the project sponsors listed below for the following clean water environmental infrastructure projects:

 

 

 

Project Sponsor

 

Project Number

 

 Estimated Allowable DEP Loan Amount

 

Estimated Total Allowable Loan Amount

Warren Township SA

S340964-01-1

$75,000

 $100,000

North Hudson SA

S340952-19-1

$75,000

$100,000

North Hudson SA

S340952-20-1

 $675,000

 $900,000

Ewing Lawrence SA

S340391-10-1

$3,675,000

$4,900,000

Wanaque Valley RSA

S340780-04-1

[$750,000] $1,125,000

 [$1,000,000] $1,500,000

Warren Township SA

S340964-02-1

 [$75,000] $262,500

 [$100,000] $350,000

Burlington Township

S340712-14-1

 $150,000

 $200,000

Ventnor City

S340667-02-1

 $3,750,000

 $5,000,000

Total projects: [6] 8

 

[$5,475,000] $9,787,500

 [$7,300,000] $13,050,000

 

     (2)   The loans authorized in this subsection shall be made for the difference between the allowable loan amounts required by these projects based upon final building costs pursuant to section 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), and the loan amounts certified by the Commissioner of Environmental Protection in State fiscal years 2015 and 2016 and for increased allowable costs as defined and determined in accordance with the rules and regulations adopted by the department pursuant to section 4 of P.L.1985, c.329. The loans authorized in this subsection shall be made to or on behalf of the project sponsors listed, up to the individual amounts indicated and in the priority stated, to the extent sufficient funds are available, except as a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2016, c.32, as amended by P.L.  , c.   (pending before the Legislature as this bill).

     (3)   The zero interest loans for the projects authorized in this subsection shall have priority over projects listed in subsection a. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill).

     b.    (1) The department is authorized to expend funds for the purpose of making supplemental loans to or on behalf of the project sponsors listed below for the following drinking water environmental infrastructure projects:

 

 

Project Sponsor

 

Project

 Number

 

 Estimated Allowable DEP Loan Amount

 

Estimated Total Allowable Loan Amount

Gloucester City

0414001-020-1

$975,000

$1,300,000

North Jersey District Water Supply Comm.

1613001-017-1

[$1,125,000] $2,700,000

[$1,500,000] $3,600,000

Total Projects: 2

 

[$2,100,000] $3,675,000

[$2,800,000] $4,900,000

 

     (2)   The loans authorized in this subsection shall be made for the difference between the allowable loan amount required by this project based upon final building costs pursuant to section 6 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), and the loan amount certified by the Commissioner of Environmental Protection in State fiscal year 2015 and 2016 and for increased allowable costs as defined and determined in accordance with the rules and regulations adopted by the department pursuant to section 5 of P.L.1981, c.261.  The loans authorized in this subsection shall be made to or on behalf of the project sponsors listed, up to the individual amounts indicated and in the priority stated, to the extent sufficient funds are available, except as a project fails to meet the requirements of section 4, 5, or 7 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill).

     (3)   The zero interest loans for the projects authorized in this subsection shall have priority over projects listed in subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.   , c. (pending before the Legislature as this bill).

     c.     The Department of Environmental Protection is authorized to adjust the allowable Department of Environmental Protection loan amount for projects authorized in this section to between 25% and 75% of the total allowable loan amount.

(cf:  P.L.2016, c.32, s.2)

 

     3.    Section 3 of P.L.2016, c.32 is amended to read as follows:

     3.    a.    The following environmental infrastructure projects shall be known and may be cited as the "Storm Sandy and State Fiscal Year 2017 Clean Water Project Eligibility List":

 

 

 

 

Project Sponsor

 

 

 

Project Number

 

Estimated Allowable DEP Loan Amount

 

Estimated Total Allowable Loan Amount

Camden County MUA

S340640-15

$6,825,000

$9,100,000

Jersey City MUA

S340928-15

$30,300,000

$40,400,000

Elizabeth City

S340942-18

[$3,525,000] $6,150,000

[$4,700,000] $8,200,000

Ocean County UA

S340372-56

$6,000,000

$8,000,000

Bayshore RSA

S340697-05

$21,150,000

$28,200,000

Bayshore RSA

S340697-06

$8,100,000

$10,800,000

Atlantic County UA

S340809-27

$2,400,000

$3,200,000

Atlantic County UA

S340809-23

$5,250,000

$7,000,000

Atlantic County UA

S340809-25

$8,250,000

$11,000,000

Atlantic County UA

S340809-26

$1,125,000

$1,500,000

Middletown Township SA

S340097-04

$15,675,000

$20,900,000

Hoboken City

S340635-05

$3,825,000

$5,100,000

North Hudson SA

S340952-19

$3,225,000

$4,300,000

North Hudson SA

S340952-23

$1,275,000

$1,700,000

North Hudson SA

S340952-26

$675,000

$900,000

Cumberland County UA

S340550-07

$937,500

$1,250,000

Millville City

S340921-07

$9,000,000

$12,000,000

Passaic Valley SC

S340689-22

[$2,250,000] $2,925,000

[$3,000,000] $3,900,000

Passaic Valley SC

S340689-25

$6,825,000

$9,100,000

Passaic Valley SC

S340689-31

$3,000,000

$4,000,000

Passaic Valley SC

S340689-34

$2,175,000

$2,900,000

Jersey City MUA

S340928-21

$9,000,000

$12,000,000

Bergen County UA

S340386-17

$7,500,000

$10,000,000

Cinnaminson SA

S340170-07

$6,750,000

$9,000,000

Gloucester County UA

S340902-14

$33,750,000

$45,000,000

Stafford Township

S344100-03

$4,200,000

$5,600,000

Barnegat Township

S344130-01

$337,500

$450,000

Ocean County

S344080-04

$825,000

$1,100,000

Ocean County

S344080-10

$180,000

$240,000

Ocean County

S344080-11

$252,000

$336,000

Jackson Township

S344050-02

$975,000

$1,300,000

Kearny MUA

S340259-07

$4,875,000

$6,500,000

Cumberland County UA

S340550-08

$937,500

$1,250,000

North Wildwood City

S340663-06

[$10,350,000] $13,575,000

[$13,800,000] $18,100,000

Willingboro MUA

S340132-08

$1,350,000

$1,800,000

Ocean County UA

S340372-57

$2,100,000

$2,800,000

Perth Amboy City

S340435-15

$1,500,000

$2,000,000

Atlantic County UA

S340809-24

$600,000

$800,000

Rockaway Valley RSA

S340821-06

$4,875,000

$6,500,000

Gloucester Township MUA

S340364-13

$975,000

$1,300,000

Franklin Township SA

S340839-06

$12,825,000

$17,100,000

South Monmouth RSA

S340377-03

$2,250,000

$3,000,000

South Monmouth RSA

S340377-04

$1,200,000

$1,600,000

South Monmouth RSA

S340377-05

$2,550,000

$3,400,000

Washington Township MUA

S340930-03

$1,725,000

$2,300,000

Washington Township MUA

S340930-04

$825,000

$1,100,000

Montclair Township

S340837-03

$1,125,000

$1,500,000

Ocean Township SA

S340750-12

$3,000,000

$4,000,000

Pine Hill MUA

S340274-05

$1,275,000

$1,700,000

Oradell Borough

S340835-04

$1,125,000

$1,500,000

Ocean Township

S340112-07

[$1,875,000] $2,250,000

[$2,500,000] $3,000,000

Long Beach Township

S340023-06

$3,750,000

$5,000,000

Somerset Raritan Valley SA

S340801-08

$3,900,000

$5,200,000

Gloucester City

S340958-07

$900,000

$1,200,000

Hillsborough Township

S340099-02

$1,200,000

$1,600,000

Manasquan Borough

S340450-02

$1,350,000

$1,800,000

Burlington County

S340818-07

$1,725,000

$2,300,000

Carteret Borough

S340939-09

[$6,450,000] $7,950,000

[$8,600,000] $10,600,000

Hammonton Town

S340927-09

$3,450,000

$4,600,000

Sea Girt Borough

S340468-01

$2,625,000

$3,500,000

Ventnor City

S340667-03

$1,200,000

$1,600,000

Cumberland County IA

S342015-03

$12,075,000

$16,100,000

Salem County IA

S342022-01

$5,775,000

$7,700,000

Somerville Borough

S342013-01

$13,050,000

$17,400,000

Total Projects: [44] 64

 

[$215,850,000] $328,744,500

[$287,800,000] $438,326,000  

 

     b.  The following environmental infrastructure projects shall be known and may be cited as the "Storm Sandy and State Fiscal Year 2017 Drinking Water Project Eligibility List":

 

 

Project Sponsor

 

Project No.

 

Estimated Allowable DEP Loan Amount

 

Estimated Total Allowable Loan Amount

Hammonton Town

0113001-011

$1,425,000

$1,900,000

Saddle Brook Township

0257001-002

$1,350,000

$1,800,000

Bordentown City

0303001-006

$1,125,000

$1,500,000

Bordentown City

0303001-007

$2,100,000

$2,800,000

Pemberton Township

0329004-004

$900,000

$1,200,000

Willingboro MUA

0338001-009

$5,250,000

$7,000,000

East Orange Water Commission

0705001-011

$7,275,000

$9,700,000

Newark City

0714001-015

[$8,850,000] $13,650,000  

[$11,800,000] $18,200,000  

Washington Township MUA

0818004-009

$600,000

$800,000

Washington Township MUA

0818004-010

$1,425,000

$1,900,000

Washington Township MUA

0818004-011

$1,200,000

$1,600,000

Washington Township MUA

0818004-012

$150,000

$200,000

Washington Township MUA

0818004-014

$675,000

$900,000

Clinton Town

1005001-009

$900,000

$1,200,000

Hightstown Borough

1104001-007

$300,000

$400,000

Hightstown Borough

1104001-008

$150,000

$200,000

Pennington Borough

1108001-001

$900,000

$1,200,000

Milltown Borough

1214001-004

$1,875,000

$2,500,000

Middlesex Water Company

1225001-016

$4,275,000

$5,700,000

Middlesex Water Company

1225001-023

[$5,550,000] $6,000,000

[$7,400,000] $8,000,000

Berkeley Township MUA

1505004-007

$525,000

$700,000

Berkeley Township MUA

1505004-008

$2,625,000

$3,500,000

Jackson Township MUA

1511001-010

[$4,425,000] $6,150,000

[$5,900,000] $8,200,000

Jackson Township MUA

1511001-011

$1,125,000

$1,500,000

Little Egg Harbor MUA

1516001-003

$3,450,000

$4,600,000

Little Egg Harbor MUA

1516001-500

$750,000

$1,000,000

Ocean Township

1520001-007

$975,000

$1,300,000

Ocean Gate Borough

1521001-001

$600,000

$800,000

Stafford Township

1530004-018

$1,800,000

$2,400,000

Stafford Township

1530004-019

$1,350,000

$1,800,000

Manchester Utilities Authority

1603001-014

$1,500,000

$2,000,000

North Jersey District  Water Supply Comm.

1613001-033

$3,000,000

$4,000,000

North Shore Water Association

1904004-002

$337,500

$450,000

Lake Glenwood Village

1922010-008

$675,000

$900,000

Rahway City

2013001-007

$13,650,000

$18,200,000

Rahway City

2013001-008

$2,025,000

$2,700,000

Passaic Valley Water Comm.

1605002-025

$27,450,000

$36,600,000

Netcong Borough

1428001-009

$300,000

$400,000

Trenton City

1111001-010

$7,875,000

$10,500,000

Cape May City

0502001-004

$1,650,000

$2,200,000

Gloucester City

0414001-020A

$187,500

$250,000

Long Beach Township

1517001-500

$6,900,000

$9,200,000

Long Beach Township

1517001-501

$1,425,000

$1,900,000

Clinton Town

1005001-008

$1,125,000

$1,500,000

Total Projects: [36] 44

 

[$85,087,500]

$138,975,000

[$113,450,000]

$185,300,000  

 

     c.     The Department of Environmental Protection is authorized to adjust the allowable Department of Environmental Protection loan amount for projects authorized in this section to between 25% and 75% of the total allowable loan amount and loan amounts to less than 25% to the extent the priority ranking and an insufficiency of funding prevents the department from making the loan.

(cf:  P.L.2016, c.32, s.3)

 

     4.    Section 4 of P.L.2016, c.32 is amended to read as follows:

     4. Any financing loan made by the Department of Environmental Protection pursuant to [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), shall be subject to the following requirements:

     a.  The Commissioner Environmental Protection has certified that the project is in compliance with the provisions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225 or P.L.2003, c.162, and any rules and regulations adopted pursuant thereto;

     b. The estimated Department of Environmental Protection allowable loan amount shall not exceed 75% of the total allowable loan amount of the environmental infrastructure facility for projects listed in subsections a. and b. of section 2 [of this act,] and [in] subsections a. and b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), provided that:

     (1)  for clean water loans to municipalities that do not satisfy the New Jersey Environmental Infrastructure Trust credit policy but are subject to State financial supervision and oversight pursuant to the "Local Government Supervision Act (1947)," P.L.1947, c.151 (C.52:27BB-1 et seq.), the Department of Environmental Protection allowable loan amount shall be up to 100% of the total allowable loan amount not to exceed a total of $10,000,000 for all such loans;

     (2) for clean water and drinking water loans to municipalities receiving funding under the United States Department of Housing and Urban Development Community Development Block Grant – Disaster Recovery Program (CDBG-DR) the Department of Environmental Protection allowable loan amount shall be up to 100% of the total allowable loan amount; and

     (3) for loans to drinking water systems serving 500 or fewer residents the Department of Environmental Protection allowable loan amount shall be 100% of the total allowable loan amount not to exceed a total of $500,000 for all such loans. The loan amount for supplemental loans shall not exceed that percentage of the allowable project cost of the project’s initial program loan; and

     (4) for loans to communities in a combined sewer overflow sewershed sponsoring construction projects that reduce or eliminate excessive infiltration, inflow, or extraneous flows, the Department of Environmental Protection allowable loan amount shall be up to 100% of the total allowable loan amount;

     c.  The loan shall be repaid within a period not to exceed 30 years of the making of the loan; and

     d.  The loan shall be subject to any other terms and conditions as may be established by the commissioner and approved by the State Treasurer, which may include, notwithstanding any other provision of law to the contrary, subordination of a loan authorized in [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), to loans made by the New Jersey Environmental Infrastructure Trust pursuant to P.L.2016, c.31, as amended by P.L.     , c.   (pending before the Legislature as Senate Bill No.   of 2016 and Assembly Bill No.   of 2016), or to administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).

(cf:  P.L.2016, c.32, s.4)

 

     5.    Section 5 of P.L.2016, c.32 is amended to read as follows:

     5.  a.  Any Sandy financing loan made by the Department of Environmental Protection pursuant to [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), shall be subject to the following requirements:

     (1) The commissioner has certified that the project is in compliance with the provisions of Title X, Chapter 7 of the Federal "Disaster Relief Appropriations Act of 2013" (Pub.L.113-2), and any amendatory and supplementary acts thereto; and

     (2) The commissioner has certified that the project is in compliance with the provisions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225 or P.L.2003, c.162, and any rules and regulations adopted pursuant thereto.

     b. The total amount of Sandy financing loans received by any project sponsor for drinking water projects listed in subsection b. of section 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), shall not exceed $15 million of which not more than $4.5 million of the principal may be forgiven. In the event a project sponsor’s individual loan needs exceed $15 million, the borrower may select which of its projects it will seek funding pursuant to this section, and the borrower may seek a loan for excess costs in a base financing loan. In the event that additional Sandy funding becomes available because project sponsors do not close on loans or the project sponsors loan requests are less than originally applied for, the loan not to exceed amount may be increased to the extent needed to assure full utilization of Sandy funding for drinking water projects, provided:

     (1) the loan shall be repaid within a period not to exceed 30 years of the making of the loan;

     (2) the loan shall be conditioned upon approval of a loan from the New Jersey Environmental Infrastructure Trust pursuant to P.L.2016, c.31, as amended by P.L.     , c.   (pending before the Legislature as Senate Bill No.   of 2016 and Assembly Bill No.   of 2016), prior to June 30, 2017; and

     (3) the loan shall be subject to any other terms and conditions as may be established by the commissioner and approved by the State Treasurer, which may include, notwithstanding any other provision of law to the contrary, subordination of a loan authorized in [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), to loans made by the trust pursuant to P.L.2016, c.31, as amended by P.L.     , c.   (pending before the Legislature as Senate Bill No.   of 2016 and Assembly Bill No.   of 2016), prior to June 30, 2017, or to administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).

(cf:  P.L.2016, c.32, s.5)

 

     6.    Section 6 of P.L.2016, c.32 is amended to read as follows:

     6. The priority lists and authorization for the making of loans pursuant to sections 2 and 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), shall expire on July 1, 2017, and any project sponsor which has not executed and delivered a loan agreement with the department for a loan authorized in [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), shall no longer be entitled to that loan.

(cf:  P.L.2016, c.32, s.6)

 

     7.    Section 7 of P.L.2016, c.32 is amended to read as follows:

     7.  The Commissioner of Environmental Protection is authorized to reduce or increase the individual amount of loan funds made available to or on behalf of project sponsors pursuant to sections 2 and 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), based upon final or low bid building costs defined in and determined in accordance with rules and regulations adopted by the commissioner pursuant to section 4 of P.L.1985, c.329, section 2 of P.L.1999, c.362 (C.58:12A-12.2), or section 5 of P.L.1981, c.261, provided that the total loan amount does not exceed the estimated total allowable loan amount. The commissioner is authorized to reduce or increase the individual amount of loan funds made available to or on behalf of project sponsors pursuant to sections 2 and 3 of [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), in an amount not to exceed 10 percent of the total allowable loan amount based upon additional project costs to comply with the Department of Environmental Protection's guidance for asset management, emergency response, flood protection, and auxiliary power.

(cf:  P.L.2016, c.32, s.7)

 

     8.    Section 8 of P.L.2016, c.32 is amended to read as follows:

     8. The expenditure of the funds appropriated by [this act] P.L.2016, c.32, as amended by P.L.     , c.   (pending before the Legislature as this bill), is subject to the provisions and conditions of P.L.1977, c.224, P.L.1985, c.329, P.L.1992, c.88, P.L.1997, c.223, P.L.1997, c.225 or P.L.2003, c.162, and the rules and regulations adopted by the Commissioner of Environmental Protection pursuant thereto, and the provisions of the Federal Disaster Relief Appropriations Act, the Federal Clean Water Act or the Federal Safe Drinking Water Act, and any amendatory and supplementary acts thereto, as appropriate.

(cf:  P.L.2016, c.32, s.8)

 

     9.    Section 10 of P.L.2016, c.32 is amended to read as follows:

     10.  a.  Prior to repayment to the Clean Water State Revolving Fund pursuant to sections 1 and 2 of P.L.2009, c.77 and any amendatory and supplementary acts thereto, prior to repayment to the "Wastewater Treatment Fund" pursuant to the provisions of section 16 of P.L.1985, c.329, prior to repayment to the "1992 Wastewater Treatment Fund" pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment to the Drinking Water State Revolving Fund, prior to repayment to the "Stormwater Management and Combined Sewer Overflow Abatement Fund" pursuant to the provisions of section 15 of P.L.1989, c.181, prior to repayment to the "2003 Water Resources and Wastewater Treatment Fund" pursuant to the provisions of section 20 of P.L.2003, c.162, or prior to repayment to the "Water Supply Fund" pursuant to the provisions of section 15 of P.L.1981, c.261, repayments of loans made pursuant to these acts may be utilized by the New Jersey Environmental Infrastructure Trust established pursuant to P.L.1985, c.334 (C.58:11B-1 et seq.), as amended and supplemented by P.L.1997, c.224, under terms and conditions established by the commissioner and trust, and approved by the State Treasurer, and consistent with the provisions of P.L.1985, c.334 (C.58:11B-1 et seq.) and federal tax, environmental or securities law, to the extent necessary to secure repayment of trust bonds issued to finance loans approved pursuant to P.L.2016, c.31, as amended by P.L.     , c.   (pending before the Legislature as Senate Bill No.   of 2016 and Assembly Bill No.   of 2016), and to secure the administrative fees payable to the trust pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5) by the project sponsors receiving trust loans.

     b. Prior to repayment to the Clean Water State Revolving Fund pursuant to section 1 and 2 of P.L. 2009, c.77 and any amendatory and supplementary acts thereto, prior to repayment to the "Wastewater Treatment Fund" pursuant to the provisions of section 16 of P.L.1985, c.329, prior to repayment to the "1992 Wastewater Treatment Fund" pursuant to the provisions of section 28 of P.L.1992, c.88, prior to repayment to the "Water Supply Fund" pursuant to the provisions of section 15 of P.L.1981, c.261, prior to repayment to the Drinking Water State Revolving Fund, prior to repayment to the "2003 Water Resources and Wastewater Treatment Fund" pursuant to the provisions of section 20 of P.L.2003, c.162, or prior to repayment to the "Stormwater Management and Combined Sewer Overflow Abatement Fund" pursuant to the provisions of section 15 of P.L.1989, c.181, the trust is further authorized to utilize repayments of loans made pursuant to P.L.1989, c.189, P.L.1990, c.99, P.L.1991, c.325, P.L.1992, c.38, P.L.1993, c.193, P.L.1994, c.106, P.L.1995, c.219, P.L.1996, c.85, P.L.1997, c.221, P.L.1998, c.84, P.L.1999, c.174, P.L.2000, c.92, P.L.2001, c.222, P.L.2002, c.70, P.L.2003, c.158, P.L.2004, c.109, P.L.2005, c.196, P.L.2006, c.68, P.L.2007, c.139, P.L.2008, c.68, P.L.2009, c.102, P.L.2010, c.63, P.L.2011, c.93, P.L.2012, c.43, P.L.2013, c.95, P.L.2014, c.25, P.L.2015, c.108, [or] P.L.2016, c.32, or P.L.     , c.   (pending before the Legislature as this bill), to secure repayment of trust bonds issued to finance loans approved pursuant to P.L.1995, c.218, P.L.1996, c.87, P.L.1997, c.222, P.L.1998, c.85, P.L.1999, c.173, P.L.2000, c.93, P.L.2001, c.224, P.L.2002, c.71, P.L.2003, c.159, P.L.2004, c.110, P.L.2005, c.197, P.L.2006, c.67, P.L.2007, c.140, P.L.2008, c.67, P.L.2009, c.101, P.L.2010, c.62, P.L.2011, c.95, P.L.2012, c.38, P.L.2013, c.94, P.L.2014, c.26, P.L.2015, c.107 [or] , P.L.2016, c.31, or P.L.     , c.   (pending before the Legislature as Senate Bill No.   of 2016 and Assembly Bill No.   of 2016), and to secure the administrative fees payable to the trust under these loans pursuant to subsection o. of section 5 of P.L.1985, c.334 (C.58:11B-5).

     c. To the extent that any loan repayment sums are used to satisfy any trust bond repayment or administrative fee payment deficiencies, the trust shall repay such sums to the department for deposit into the Clean Water State Revolving Fund, the "Wastewater Treatment Fund," the "1992 Wastewater Treatment Fund," the "Water Supply Fund," the Drinking Water State Revolving Fund, the "2003 Water Resources and Wastewater Treatment Fund," or the "Stormwater Management and Combined Sewer Overflow Abatement Fund," as appropriate, from amounts received by or on behalf of the trust from project sponsors causing any such deficiency.

(cf:  P.L.2016, c.32, s.10)

     10.  This act shall take effect immediately.

 

 

STATEMENT

 

     This bill would amend the list of environmental infrastructure projects approved by the Legislature for long-term funding for Fiscal Year 2017 to include new projects and revise allowable loan amounts for already approved projects.   

     Under current law, on or before May 15 of each year, the New Jersey Environmental Infrastructure Trust (NJEIT) must submit a list of environmental infrastructure projects, known as the project eligibility list, to be approved by the Legislature for long-term funding.  The list is introduced in each House in the form of legislative appropriations bills.  In August 2016, P.L.2016, c.32 was enacted into law, which appropriated funds to the Department of Environmental Protection (DEP) for the purpose of financing approximately $411.35 million in environmental infrastructure projects through the NJEIT in Fiscal Year 2017.  Of that amount, $295.1 million was made available for clean water project loans and $116.25 million for drinking water project loans.

     Also in August 2016, P.L.2016, c.30 was enacted into law, which, among other things, provided the NJEIT with the authority to submit an additional project eligibility list, by October 15 of each year, for approval by the Legislature.  Pursuant to that authority, the NJEIT submitted an additional project eligibility list and revisions to allowable loan amounts for projects that were already approved in P.L.2016, c.32.  This bill would amend P.L.2016, c.32 to include those new projects and revisions to allowable loan amounts for  already approved projects.  Under the bill and P.L.2016, c.32, approximately $641.58 million would be made available for environmental infrastructure projects in Fiscal Year 2017.  Of that amount, approximately $451.38 million would be available for clean water project loans and $190.2 million for drinking water project loans.