A Change of Name, Not Mission, for ‘Bank’ That Funds Clean Water Across NJ

It is operating under a new name, but its mission remains the same — helping fund scores of clean-water projects aimed at curbing pollution from sewage-treatment plants and upgrading drinking-water systems across the state.

In the next few weeks, the Legislature is expected to approve a four-bill package that would appropriate state and federal dollars to more than 100 facilities from what was formerly called the Environmental Infrastructure Trust but is now the New Jersey Infrastructure Bank.

This year, the bank is projected to fund $810 million undertaken by local governments and others for an assortment of environmental projects intended to improve water quality and drinking water.

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