This bill aims to reappropriate unexpended funds from the New Jersey Bridge Rehabilitation and Improvement and Railroad Right-of-way Preservation Bond Act of 1989 to the Department of Transportation. Specifically, it allows for the reallocation of these funds for the rehabilitation, improvement, inspection, and repair of bridges that carry State highways, as well as those that carry county and municipal roads. The funds will be administered by the Department of Transportation and allocated for emergency repairs at the discretion of the Commissioner of Transportation.

Additionally, the bill stipulates that any funds that remain unexpended or unallocated within two years of the act's effective date will be consolidated into a single account and redistributed to counties based on a formula established by the department. This ensures that funds are utilized effectively for bridge rehabilitation and improvement projects across the state. The act is set to take effect immediately upon passage.