City of Bayonne City Council Regular Meeting Agenda 2026-05-13
Bayonne to secure up to $25M from NJ I-Bank
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Description
Bayonne approved execution of a loan, escrow, and continuing disclosure agreements with the New Jersey Infrastructure Bank for up to $25,000,000 under the SFY 2026 Transportation Infrastructure Financing Program. The financing will support local transportation projects.
Contract Details
Contract Amount
Up to $25,000,000
Vendor
NEW JERSEY INFRASTRUCTURE BANK
Agency
City of Bayonne, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
May 13, 2026
Contract Term
State Fiscal Year 2026 program period (exact dates not stated)
Renewal Info
Financing under the SFY 2026 New Jersey Transportation Infrastructure Financing Program; specific maturity and renewal terms are not detailed in the agenda.
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