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RESOLUTION NO. 1910 RESOLUTION OF THE NEW JERSEY INFRASTRUCTURE BANK AUTHORIZING THE TRANSPORTATION BANK CONSTRUCTION FINANCING PROGRAM FOR STATE FISCAL YEAR 2020 WHEREAS, the New Jersey Infrastructure
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State Infrastructure Banks (SIBs) are funding mechanisms that provide loans and credit assistance to help finance transportation projects.
State and local government agencies involved in transportation projects are required to file State Infrastructure Banks (SIBs) information with the federal government.
State Infrastructure Banks (SIBs) information can be filled out online through the designated federal reporting system.
The purpose of State Infrastructure Banks (SIBs) is to leverage federal funds with other public and private resources to accelerate the completion of transportation projects.
Information such as project details, loan amounts, interest rates, and repayment terms must be reported on State Infrastructure Banks (SIBs) filings.
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