New Jersey A 1845: Limits amount paid by covered persons for purchase of insulin drugs and epinephrine; requires Division of Consumer Affairs to investigate insulin prices.

Bill Text

A1845 

ASSEMBLY, No. 1845 

STATE OF NEW JERSEY

222nd LEGISLATURE

� 

PRE-FILED FOR INTRODUCTION IN THE 2026 SESSION

Sponsored by:

Assemblyman GREGORY E. MYHRE

District 9 (Ocean)

Assemblyman BRIAN E. RUMPF

District 9 (Ocean)

Co-Sponsored by:

Assemblymen Scharfenberger, Kanitra, Clifton, Sauickie, 
Assemblywoman Fantasia, Assemblymen Inganamort, Guardian, Assemblywoman Flynn, 
Assemblymen Auth, S.Kean and McGuckin

SYNOPSIS

���� Requires DEP and New Jersey Infrastructure Bank to 
provide priority for principal forgiveness on environmental infrastructure 
project loans to municipalities in coastal areas.

CURRENT VERSION OF TEXT 

���� Introduced Pending Technical Review by Legislative 
Counsel.

��

An Act concerning the financing of environmental 
infrastructure projects in coastal areas and amending P.L.1985, c.334.

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

���� 1.��� Section 9 of P.L.1985, 
c.334 (C.58:11B-9) is amended to read as follows:

���� 9. a. (1) The trust may make 
and contract to make loans to local government units, or to a local government 
unit on behalf of another local government unit, in accordance with and subject 
to the provisions of P.L.1985, c.334 (C.58:11B-1 et seq.) or P.L.1997, c.224 
(C.58:11B-10.1 et al.) to finance the cost of any wastewater treatment system 
project or water supply project, which the local government unit may lawfully 
undertake or acquire and for which the local government unit is authorized by 
law to borrow money.

���� (2) The trust may make and 
contract to make loans to public water utilities, or to any other person or 
local government unit on behalf of a public water utility, in accordance with 
and subject to the provisions of P.L.1985, c.334 (C.58:11B-1 et seq.) or P.L.1997, 
c.224 (C.58:11B-10.1 et al.) to finance the cost of any water supply project, 
which the public water utility may lawfully undertake or acquire.

���� (3) The trust may make and 
contract to make loans to private persons other than local government units, or 
to any other person or local government unit on behalf of a private person, in 
accordance with and subject to the provisions of P.L.1985, c.334 (C.58:11B-1 et 
seq.) or P.L.1997, c.224 (C.58:11B-10.1 et al.) to finance the cost of 
stormwater management systems.

���� (4) The trust may make and 
contract to make loans and provide other assistance to a local government unit 
or consortia thereof to finance the cost of transportation projects, aviation 
projects, and marine projects pursuant to sections 22 and 34 through 38 of 
P.L.2016, c.56 (C.58:11B-10.3 through C.58:11B-10.5, C.58:11B-20.2, 
C.58:11B-22.3, and C.58:11B-22.4), and provided that the federally-funded 
transportation subaccount is operated in accordance with the provisions of the 
federal infrastructure bank program.

���� The loans may be made subject 
to those terms and conditions as the trust shall determine to be consistent 
with the purposes thereof. Each loan by the trust and the terms and conditions 
thereof shall be subject to approval by the State Treasurer, and the trust 
shall make available to the State Treasurer all information, statistical data 
and reports of independent consultants or experts as the State Treasurer shall 
deem necessary in order to evaluate the loan. Each loan to a local government 
unit, public water utility or any other person shall be evidenced by notes, 
bonds or other obligations thereof issued to the trust.� In the case of each 
local government unit, notes and bonds to be issued to the trust and, if 
applicable, the State, acting by and through the Department of Environmental 
Protection, by the local government unit (1) shall be authorized and issued as 
provided by law for the issuance of notes and bonds by the local government 
unit, (2) notwithstanding any provisions of the "Local Authorities Fiscal 
Control Law," P.L.1983, c.313 (C.40A:5A-1 et seq.) to the contrary, shall 
be approved by the Director of the Division of Local Government Services in the 
Department of Community Affairs, and (3) notwithstanding the provisions of 
N.J.S.40A:2-27, N.J.S.40A:2-28 and N.J.S.40A:2-29 or any other provisions of 
law to the contrary, may be sold at private sale to the trust or the State, as 
the case may be, at any price, whether or not less than par value, and shall be 
subject to redemption prior to maturity at any times and at any prices as the 
trust or the State, as the case may be, and local government units may agree. 
Each loan to a local government unit, public water utility or any other person 
and the notes, bonds or other obligations thereby issued shall bear interest at 
a rate or rates per annum as the trust or the State, as the case may be, and 
the local government unit, public water utility or any other person, as the 
case may be, may agree.

���� b.��� The trust is authorized 
to guarantee or contract to guarantee the payment of all or any portion of