WISE Calculator - Financing Cost Estimate
P.L. 2017, c. 71, Section 2 requires the NJIB, in conjunction with the Department of Environmental Protection ("DEP"), to provide a Local Government Unit ("LGU") seeking to finance at least $1 million to construct an environmental infrastructure project with:
- (i)A description of the priority system used by the DEP in awarding financing under the New Jersey Environmental Infrastructure Financing Program (the "Financing Program"). The description of the priority system for the current fiscal year is set forth in detail in the annual publication of the DEP, State Fiscal Year Priority System and Project Priority List ("January Report") (click here to view the Priority System for the current fiscal year); and
- (ii)A Financing Cost Estimate ("FCE") comparison of the cost of financing the project through the I-Bank and DEP's joint Financing Program versus independently through the LGU's own bond process.
To generate the FCE Report, please complete the requested information and click "Calculate Report." The FCE Report will be produced immediately and available for printing.
P.L. 2017, c. 71, also directs that, beginning November 7, 2017, any local government or Authority wishing to independently finance an environmental infrastructure project costing at least $1 million, must present a copy of the FCE Report to the Director of the Division of Local Government Services or the Local Finance Board, respectively, as part of their review process. The FCE is not required to be submitted by LGUs who intend to finance their environmental projects through the Financing Program. Please consult your bond counsel for further details.
Water Infrastructure Savings Enabling (WISE) Calculator
Disclaimer:
The Financing Cost Estimates (FCE) generated as a result of the information provided by the sponsor on this page has been provided to the sponsor for general informational purposes only.
The calculations provided herein are estimates by the I-Bank based in part on the following:
- financial information provided by the project sponsor;
- interest rates;
- current market conditions; and
- underwriting and administrative costs.
Given potential volatility in market conditions and changes in the credit profile of the project sponsor, the FCE generated as a result of the information provided by the sponsor on this page is subject to change at any time.
The I-Bank shall not be held liable, and makes no promise, assurance or representation, as to the availability of:
- the interest rates used in generating the calculations provided by this page, or
- any other term of or condition to financing, with respect to future New Jersey Environmental Infrastructure Financing Program loans.
The I-Bank shall not be held liable for any action or consequence that results from any information provided through this application and/or FCE.
Privacy Policy / Conditions of Use:
Disclaimer:
The Financing Cost Estimates (FCE) generated as a result of the information provided by the sponsor on this page has been provided to the sponsor for general informational purposes only.
The calculations provided herein are estimates by the I-Bank based in part on the following:
- financial information provided by the project sponsor;
- interest rates;
- current market conditions; and
- underwriting and administrative costs.
Given potential volatility in market conditions and changes in the credit profile of the project sponsor, the FCE generated as a result of the information provided by the sponsor on this page is subject to change at any time.
The I-Bank shall not be held liable, and makes no promise, assurance or representation, as to the availability of:
- the interest rates used in generating the calculations provided by this page, or
- any other term of or condition to financing, with respect to future New Jersey Environmental Infrastructure Financing Program loans.
The I-Bank shall not be held liable for any action or consequence that results from any information provided through this application and/or FCE.