LEGAL STRUCTURE

STATUTES

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 The Act was originally enacted as the Waste Water Treatment Trust Act in 1985 and has been amended over the years to increase its authority, most recently, to finance transportation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.


BY-LAWS

The Board of Directors adopted By-Laws for the I-Bank’s organization and internal management.


RULES AND REGULATIONS

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.


POLICIES AND PROCEDURES

The I-Bank has adopted certain policies and procedures to set parameters by which the organization operates.

IRMA EXEMPTION

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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NEW JERSEY INFRASTRUCTURE BANK