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        <name>Hudson County Improvement Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Illinois State Toll Highway Authority</name>
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        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <invCountry>GU</invCountry>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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      <invstOrSec>
        <name>Salem County Improvement Authority</name>
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          <maturityDt>2037-08-15</maturityDt>
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        <name>South Jersey Port Corp.</name>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
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          <isin value="US14760RBR12"/>
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        <balance>1340000.00000000</balance>
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        <valUSD>1373593.13000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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          <maturityDt>2042-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
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      <invstOrSec>
        <name>Alaska Industrial Development &amp; Export Authority</name>
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          <isin value="US011903GC96"/>
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        <balance>500000.00000000</balance>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Township of Union NJ/Union County</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>Essex County Improvement Authority</name>
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        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <invCountry>US</invCountry>
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        <name>Antonio B Won Pat International Airport Authority</name>
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        <name>New Jersey Economic Development Authority</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Kansas City Industrial Development Authority</name>
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        <name>Matching Fund Special Purpose Securitization Corp.</name>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <name>Camden County Improvement Authority (The)</name>
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        <name>New Jersey Higher Education Student Assistance Authority</name>
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        <name>Sussex County Municipal Utilities Authority (The)</name>
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        <name>New Jersey Turnpike Authority</name>
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      <invstOrSec>
        <name>Tobacco Settlement Financing Corp.</name>
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        <name>Essex County Improvement Authority</name>
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        <name>Passaic County Improvement Authority (The)</name>
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      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
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        <name>Alaska Industrial Development &amp; Export Authority</name>
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        <name>New Jersey Housing &amp; Mortgage Finance Agency</name>
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        <name>Casino Reinvestment Development Authority, Inc.</name>
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          <isin value="US14760RBP55"/>
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        <name>Monmouth County Improvement Authority (The)</name>
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        <name>New Jersey Institute of Technology/NJ</name>
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        <name>Jersey City Municipal Utilities Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>Port Authority of New York &amp; New Jersey</name>
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        <name>New Jersey Turnpike Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
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        <name>Delaware River &amp; Bay Authority</name>
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        <invCountry>US</invCountry>
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        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>New Jersey Health Care Facilities Financing Authority, Series 2019</title>
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        <assetCat>DBT</assetCat>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2038-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.00000000</annualizedRt>
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        <name>Delaware River Joint Toll Bridge Commission</name>
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        <name>New Jersey Educational Facilities Authority</name>
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        <name>New Jersey Educational Facilities Authority</name>
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      <invstOrSec>
        <name>South Jersey Transportation Authority</name>
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      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
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        <fairValLevel>2</fairValLevel>
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        <name>Port Authority of New York &amp; New Jersey</name>
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          <isin value="US733580S889"/>
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        <valUSD>5008675.00000000</valUSD>
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        <invCountry>US</invCountry>
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        <fairValLevel>2</fairValLevel>
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      <invstOrSec>
        <name>Puerto Rico Sales Tax Financing Corp. Sales Tax Revenue</name>
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          <isin value="US74529JPW98"/>
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        <invCountry>PR</invCountry>
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        <fairValLevel>2</fairValLevel>
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        <name>Beaumont Housing Authority</name>
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          <isin value="US07451AAA43"/>
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        <name>Salem County Improvement Authority</name>
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          <isin value="US794102GS64"/>
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        <name>City of Atlantic City NJ</name>
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        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
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        <name>Essex County Improvement Authority</name>
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        <name>New Jersey Transportation Trust Fund Authority</name>
        <lei>549300YUVD5TEXR6L889</lei>
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          <maturityDt>2044-06-15</maturityDt>
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        <name>Passaic County Improvement Authority (The)</name>
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        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Guam Government Waterworks Authority</name>
        <lei>N/A</lei>
        <title>Guam Government Waterworks Authority, Series 2025 A</title>
        <cusip>40065FFJ8</cusip>
        <identifiers>
          <isin value="US40065FFJ84"/>
          <other otherDesc="Inhouse Asset ID" value="1500181"/>
        </identifiers>
        <balance>600000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>603190.74000000</valUSD>
        <pctVal>0.417314137871</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>GU</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2050-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Institute of Technology/NJ</name>
        <lei>N/A</lei>
        <title>New Jersey Institute of Technology, Series 2025 A</title>
        <cusip>64579REF0</cusip>
        <identifiers>
          <isin value="US64579REF01"/>
          <other otherDesc="Inhouse Asset ID" value="1471534"/>
        </identifiers>
        <balance>750000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>776850.68000000</valUSD>
        <pctVal>0.537459795518</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2055-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Casino Reinvestment Development Authority, Inc.</name>
        <lei>N/A</lei>
        <title>Casino Reinvestment Development Authority, Inc., Series 2024 A</title>
        <cusip>14760RBQ3</cusip>
        <identifiers>
          <isin value="US14760RBQ39"/>
          <other otherDesc="Inhouse Asset ID" value="1386808"/>
        </identifiers>
        <balance>1100000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1138864.43000000</valUSD>
        <pctVal>0.787916982541</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-11-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>New Jersey Health Care Facilities Financing Authority, Series 2016</title>
        <cusip>645790CA2</cusip>
        <identifiers>
          <isin value="US645790CA28"/>
          <other otherDesc="Inhouse Asset ID" value="1219046"/>
        </identifiers>
        <balance>2015000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1975164.05000000</valUSD>
        <pctVal>1.366506194507</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2041-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Educational Facilities Authority</name>
        <lei>549300UTOO4X537XXG70</lei>
        <title>New Jersey Educational Facilities Authority, Series 2023 A</title>
        <cusip>646067FW3</cusip>
        <identifiers>
          <isin value="US646067FW31"/>
          <other otherDesc="Inhouse Asset ID" value="1298935"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1014929.20000000</valUSD>
        <pctVal>0.702173087236</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2053-09-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.25000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Health Care Facilities Financing Authority</name>
        <lei>N/A</lei>
        <title>New Jersey Health Care Facilities Financing Authority, Series 2008 A</title>
        <cusip>645790ED4</cusip>
        <identifiers>
          <isin value="US645790ED49"/>
          <other otherDesc="Inhouse Asset ID" value="648219"/>
        </identifiers>
        <balance>5000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>5005.41000000</valUSD>
        <pctVal>0.003462964897</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2027-07-01</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>5.00000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>New Jersey Economic Development Authority</name>
        <lei>5493006JS6QWDVU4R678</lei>
        <title>New Jersey Economic Development Authority, Series 2012 A</title>
        <cusip>64577QAE1</cusip>
        <identifiers>
          <isin value="US64577QAE17"/>
          <other otherDesc="Inhouse Asset ID" value="1297087"/>
        </identifiers>
        <balance>1000000.00000000</balance>
        <units>PA</units>
        <curCd>USD</curCd>
        <valUSD>1000246.30000000</valUSD>
        <pctVal>0.692014805040</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>DBT</assetCat>
        <issuerCat>MUN</issuerCat>
        <invCountry>US</invCountry>
        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>2</fairValLevel>
        <debtSec>
          <maturityDt>2032-06-15</maturityDt>
          <couponKind>Fixed</couponKind>
          <annualizedRt>4.75000000</annualizedRt>
          <isDefault>N</isDefault>
          <areIntrstPmntsInArrs>N</areIntrstPmntsInArrs>
          <isPaidKind>N</isPaidKind>
        </debtSec>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Monthly returns presented in Item B.5(a) have been calculated without deducting any applicable sales loads or redemption fees." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2025-09-30</ncom:dateSigned>
      <ncom:nameOfApplicant>Putnam New Jersey Tax Exempt Income Fund</ncom:nameOfApplicant>
      <ncom:signature>Monica Krogh</ncom:signature>
      <ncom:signerName>Monica Krogh</ncom:signerName>
      <ncom:title>Assistant Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
