Fitch's cash flow modeling demonstrates that New Jersey Infrastructure Bank's water bank program
(the program) has sufficient cash flows to continue to pay bond debt service even with loan defaults in excess of Fitch's 'AAA' liability rating stress hurdle, as produced using Fitch's Portfolio Stress Calculator (PSC).
In the same area, the Department of Agriculture's Water Bank Program
began negotiating renewable 10-year contracts to protect wetlands in 1972.
REDUCTION IN MODELED STRESS CUSHION: If the water bank program, issued by the New Jersey Infrastructure Bank, were to experience significant deterioration in aggregate obligor credit quality, increased pool concentration, or increased leveraging resulting in its inability to pass Fitch's 'AAA' liability rating stress hurdle, it would result in downward rating pressure.
The NJIB now manages two separate financing programs: (1) the New Jersey Environmental Infrastructure Financing Program (water bank program), and (2) the New Jersey Transportation Infrastructure Financing Program (transportation bank program).
Water Bank Program
Increases the authorization for the Hoeven Water Bank Program
to $5 million.
Water Bank Maintains funding for Hoevens Water Bank program, which compensates farmers and landowners for flooded land through 10-year, voluntary conservation agreements.
The bill includes strong support for farmers and ranchers, including our ARC pilot and Water Bank programs. The agreement also prioritizes agriculture research, as well as support for rural communities to build infrastructure from broadband to water systems.
Trump has proposed zeroing out funding for the Watershed Rehabilitation Program, Water Bank Program
, Small Watershed Rehabilitation Program, Emergency Watershed Protection Program and Conservation Security Program, all programs that are critical to promoting water security.
Among these are Partners for Wildlife and Water Bank programs
. Recognition of state programs depended upon the state and how much effort was put into promoting those state programs.