This bill establishes a requirement for parking areas with 100 or more spaces to designate at least five percent of those spaces for hybrid, electric, and alternative fuel vehicles. These designated spaces must be located in the most accessible areas of the parking facility, after those reserved for handicapped persons, and will be marked with green paint and signage stating "Hybrid and Alternatives Parking Only." The bill also mandates that the Chief Administrator of the New Jersey Motor Vehicle Commission issue window stickers for eligible vehicles, which will allow them to park in these designated spaces.

The eligibility for these stickers is based on specific fuel efficiency standards, with initial criteria allowing vehicles achieving a minimum of 45 miles per gallon within the first two years of the bill's enactment. After that period, only vehicles meeting 163 percent of the Corporate Average Fuel Economy standards will qualify. Parking in these designated spaces without a valid sticker will result in a fine of up to $250. The bill is set to remain in effect for 10 years, during which the chief administrator will report to the Legislature on its implementation and effectiveness.