Old Bridge Municipal Utilities Authority Consumer Confidence Report July 2026
NJ Water Bank Funds OBMUA Fuel Storage Project
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Description
Old Bridge Municipal Utilities Authority financed its emergency fuel storage facility with about $1.4 million in low-interest loans from the NJ Water Bank, including $261,519 in principal forgiveness. The 20-year financing is projected to save ratepayers roughly $597,496 in total costs.
Contract Details
Contract Amount
approximately $1.4 million in loans
Vendor
NJ WATER BANK
Agency
Old Bridge MUA, NJ
Contract Type
FINANCIAL_SERVICES
Document Date
April 22, 2026
Contract Term
20-year term of the loan
Renewal Date
2045-12-31
Renewal Info
Single 20-year low-rate loan with principal forgiveness; no renewal terms described.
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