---
type: "Bill"
title: "Eliminates five percent down payment requirement for local bond ordinances involving New Jersey Infrastructure Bank transportation projects."
description: "Eliminates five percent down payment requirement for local bond ordinances involving New Jersey Infrastructure Bank transportation projects."
jurisdiction: "us/states/nj"
legislature: "New Jersey Legislature"
session: "219"
identifier: "S 767"
citation: "New Jersey S 767 (219)"
classification: ["bill"]
subjects: ["BANKING"]
status: "enacted"
primary_sponsors: ["Benson, Daniel R.", "Gopal, Vin", "Greenstein, Linda R.", "Houghtaling, Eric", "Tully, P. Christopher"]
version_count: 1
action_count: 8
vote_count: 4
first_action: "2020-01-14T05:00:00+00:00"
last_action: "2021-05-11T04:00:00+00:00"
source: "openstates"
source_identifier: "ocd-bill/4fce773c-cc8e-4362-abd5-5faeddfe7a9d"
source_url: "http://www.njleg.state.nj.us/downloads.asp"
source_hash: "499992a4859616ccaf6bee67156d9c2f7904d50048f8277b79e2a1c88a3aa56d"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-nj"]
---

# New Jersey S 767 (219) — Eliminates five percent down payment requirement for local bond ordinances involving New Jersey Infrastructure Bank transportation projects.

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Introduced Version** (committee substitute) — [source](http://www.njleg.state.nj.us/2020/Bills/S1000/767_I1.HTM)

## Votes

- 3RDG FINAL PASSAGE — **72–1** (pass) · lower
- 3RDG FINAL PASSAGE — **34–0** (pass) · upper
- Reported favorably out of committee — **6–0** (pass) · upper
- Reported favorably out of committee — **12–0** (pass) · lower

## Sponsors

- Benson, Daniel R. — primary (person)
- Gopal, Vin — primary (person)
- Greenstein, Linda R. — primary (person)
- Houghtaling, Eric — primary (person)
- Tully, P. Christopher — primary (person)
- Downey, Joann — cosponsor (person)
- Pou, Nellie — cosponsor (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2020-01-14T05:00:00+00:00** Introduced in the Senate, Referred to Senate Transportation Committee `introduction, referral-committee`
- **2020-08-10T04:00:00+00:00** Reported out of Senate Committee, 2nd Reading `committee-passage`
- **2021-01-11T05:00:00+00:00** Passed Senate (34-0) `passage`
- **2021-01-12T05:00:00+00:00** Received in the Assembly, Referred to Assembly Transportation and Independent Authorities Committee `referral-committee`
- **2021-02-22T05:00:00+00:00** Reported out of Assembly Committee, 2nd Reading `committee-passage`
- **2021-03-25T04:00:00+00:00** Substituted for A4552 (1R)
- **2021-03-25T04:00:00+00:00** Passed Assembly (Passed Both Houses) (72-1-0) `passage`
- **2021-05-11T04:00:00+00:00** Approved P.L.2021, c.80. `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4fce773c-cc8e-4362-abd5-5faeddfe7a9d`. Confidence: reported (aggregated from official New Jersey legislature records).