The New Jersey Infrastructure Trust Act establishes the I-Bank as an independent state financing authority and authorizes its powers and responsibilities. The Act was originally enacted as the Waste Water Treatment Trust Act in 1985 and has been amended over the years to increase its authority, most recently, to finance transportation infrastructure projects.
The Board of Directors adopted By-Laws for the I-Bank’s organization and internal management.
In accordance with the Enabling Act and New Jersey Administrative Law, the I-Bank and the NJDEP adopted regulations governing the Water Bank operations and procedures.
|Subchapter 3||Fund Procedures and Requirements|
|Subchapter 4||Environmental Infrastructure Trust Procedures and Requirements|
|Subchapter 5||Allowable Costs: Fund and Trust|
|Subchapter 8||Minimum Standards of Conduct For Officers, Employees, Agents and Members of Authorities Participating in State Financial Assistance Programs for Environmental Infrastructure Facilities|
|Subchapter 9||Awarding Contracts for State Assisted Projects to Small Business Concerns Owned and Controlled by Socially and Economically Disadvantaged Individuals|
|Subchapter 10||Environmental Assessment Requirements For State Assisted Environmental Infrastructure Facilities|
The I-Bank has adopted certain policies and procedures to set parameters by which the organization operates.
By publicly posting the following written disclosure, the New Jersey Infrastructure Bank intends that market participants receive and use it for purposes of the independent registered municipal advisor exemption to the SEC Municipal Advisor Rule.
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