The Senate Environment and Energy Committee on Thursday advanced legislation sponsored by Senator Christopher “Kip” Bateman, R-Hunterdon, Mercer, Middlesex and Somerset, that funds $534 million in environmental infrastructure projects, including Barnegat Bay clean water initiatives.
“This measure can create thousands of jobs inNew Jerseywhile enhancing and preserving the state’s clean and drinking water infrastructure,” Bateman said. “For example, Flemington Borough would gain from roughly $1.8 million in zero-interest DEP loans for a few much-needed drinking water projects.”
S-1980, supported by the Gov. Christie administration and sponsored by Democrats in the Senate and Assembly, appropriates federal and state moneys to runNew Jersey’s Environmental Infrastructure Financing Program for FY 13. This 25-year-old program has financed more than 1,000 projects to the tune of $5.9 billion, while cutting financing costs for entitles by approximately 25 to 30 percent. The Assembly Environment and Solid Waste Committee released companion A-2876 on May 21, 2012 by a vote of 7-0.
“This worthwhile program has saved localities $2.2 billion and generated more than 110,000 construction jobs, while significantly improving the states clean and drinking water infrastructure,” Bateman noted. “Communities like Flemington benefit greatly from this support economically and to ensure their residents are provided clean, safe water.”