Prioritizes investment of State administered pension funds in in-state infrastructure project investments over comparable out-of-state infrastructure project investments.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Overview
This bill directs the New Jersey state pension fund’s investment director to prioritize investments in infrastructure projects located within New Jersey over similar projects in other states. The bill aims to bolster the state’s infrastructure by directing pension funds towards in-state projects, aligning with the state’s fiduciary duty to make prudent investments. This would support local jobs and improve the condition of New Jersey’s infrastructure.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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