The bill amends R.S.40:5-2 to authorize counties and municipalities in New Jersey to make voluntary contributions of up to $70,000 annually to nonprofit veterans organizations that provide support services to veterans. This includes services related to their physical, emotional, and medical needs. Additionally, the bill allows for contributions of up to $125,000 annually to duly incorporated first aid and emergency or volunteer ambulance and rescue squad associations.

Furthermore, if these emergency service associations demonstrate extraordinary need, counties and municipalities may provide an additional contribution of up to $70,000, contingent upon the association establishing the necessity for such funds. The bill also stipulates that if total contributions exceed $70,000, an audit of the association's financial records must be conducted by a certified public accountant to ensure compliance with sound accounting principles. The act is set to take effect immediately upon passage.