This bill amends New Jersey law regarding online parking payment services, specifically by requiring that contracts between municipalities and service providers include a stipulation that users cannot be charged during times when parking is prohibited at a parking project. It introduces new definitions for terms such as "online parking payment service," "user," and "parking project," which aim to clarify the application of these regulations. The bill also makes amendments to R.S.40:52-1 and P.L.1948, c.198, allowing municipalities to regulate parking and related contracts with online payment service providers, thereby enhancing the framework for managing parking services.

Furthermore, the bill expands the powers of parking authorities, enabling them to construct facilities for commercial use, sell or transfer property, and collect reasonable rates for services. It also allows for the investment of reserve funds and borrowing for projects. The overall intent is to modernize the operations of parking authorities, improve the management of parking facilities, and ensure fair payment practices for users. The bill is set to take effect immediately upon passage.

Statutes affected:
Introduced: 40:11A-3, 40:11A-6