This bill allows the board of county commissioners in New Jersey to create a Sharing Resources grant and loan program aimed at supporting local units that are exploring shared service agreements, joint meeting contracts, or municipal consolidation. The funds from this program can be utilized for studies, consultant fees, and one-time start-up costs associated with these initiatives. The board, in collaboration with the Commissioner of Community Affairs, is empowered to establish necessary rules and regulations, while the Commissioner is tasked with providing standardized guidelines for grant application submissions.

Additionally, the bill stipulates that local units can apply for financial assistance specifically for one-time start-up costs, with the exclusion of costs that can be financed through debt or capital lease agreements. The board of county commissioners has the authority to set limits on aid awards and negotiate terms to ensure the cost-effectiveness and public interest of the proposed shared services. Furthermore, the board can receive and utilize funds from various sources, including state and federal governments, as well as private entities, to support the program's expenses, and may raise funds through taxation as permitted by existing law.