The bill amends R.S.40:5-2 to authorize local governments, specifically counties and municipalities, to make voluntary contributions of up to $70,000 annually to nonprofit veterans organizations that provide support services to veterans. This addition complements the existing provision that 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, local governments may contribute an additional amount of up to $70,000, contingent upon an audit of the association's financial records.

Additionally, the bill defines a nonprofit veterans organization as any entity that offers support services to individuals who have served in the U.S. armed forces, addressing their physical, emotional, and medical needs. This legislative change aims to enhance the support available to veterans through local government funding while maintaining the existing financial assistance framework for emergency service organizations. The act is set to take effect immediately upon passage.