The resolution approves the Fiscal Year 2026 Financial Plan of the New Jersey Infrastructure Bank, which is a state financing authority established to provide loans and guarantees for environmental infrastructure projects. These projects include clean water, drinking water, stormwater management, and nonpoint source pollution initiatives. The New Jersey Infrastructure Bank is mandated by law to submit a financial plan to the Legislature that outlines the financing for these projects, which must be based on eligibility lists developed by the Commissioner of Environmental Protection and approved by the Legislature.

The resolution emphasizes that the approval of the Financial Plan is a necessary step for the implementation of funding for the aforementioned projects in the upcoming fiscal year. The plan must be submitted to the Secretary of the Senate and the Clerk of the General Assembly by May 15, 2025, in accordance with existing legal requirements. The passage of this concurrent resolution by both houses of the Legislature signifies their endorsement of the Financial Plan, ensuring that the necessary financing for critical environmental infrastructure projects can proceed.