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Environmental Infrastructure Trust Financing Program
On August 25th, Governor Chris Christie signed into law as P.L. 2015, c.106, legislation that makes some positive changes to the Environmental Infrastructure Trust Financing Program (EIFP).
In summary, this new law extends the possible term of bonds, notes, or other obligations of the EIFP from 20 years from the effective date to 30 years from the effective date or a shorter period of time as may be applicable pursuant to federal law or regulation. The measure makes several changes to the short-term loan financing programs as it permits fu...
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