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 to cover costs associated with the rehabilitation, improvement, inspection, and repair of bridges that carry State highways, as well as those owned or maintained by the State. The bill also stipulates that the funds can be used for emergency repairs at the discretion of the Commissioner of Transportation.

Additionally, the bill addresses funds that were previously appropriated for county and municipal road bridges, allowing for similar reappropriation and administration by the Department of Transportation. It includes a provision that any unspent or unobligated funds after two years will be consolidated and redistributed to counties based on a formula established by the department, ensuring that these funds are utilized effectively for bridge rehabilitation and improvement projects. The act is set to take effect immediately upon passage.