This bill amends Section 35 of P.L.2008, c.46 (C.40:55D-8.4) to establish a new deadline for municipalities to report on non-residential development fees. Specifically, it requires municipalities that are authorized to retain and expend these fees to provide the Department of Community Affairs with a detailed accounting of all fees collected and expended within 180 days following the enactment of P.L.2024, c.2 (C.52:27D-304.1). This change aims to clarify and align the reporting requirements set forth in the previous legislation, ensuring that municipalities comply with the new timeline.

Additionally, the bill retroactively validates any detailed accounting provided to the Department of Community Affairs by municipalities within the specified timeframe. This provision is intended to enforce compliance with the new reporting deadline and to address any inconsistencies in the previous law regarding the submission of non-residential development fee expenditures. The bill takes effect immediately upon enactment.

Statutes affected:
Introduced: 40:55D-8.4