A 3916
Directs NJ Infrastructure Bank to establish financing program for electric school buses; allocates $20 million annually in societal benefits charge revenues to NJ Infrastructure Bank for purposes of program.
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Sign in to take action- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill directs the New Jersey Infrastructure Bank (NJIB) to establish a program, the Electric School Bus Financing Program, to provide loans and other financial assistance to school districts for purchasing electric school buses and the necessary charging infrastructure. The program will be funded annually through $20 million in societal benefits charge revenues. It prioritizes districts in overburdened communities and requires reporting on the program’s effectiveness.
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