This bill mandates that applicants for construction permits in New Jersey must disclose detailed information regarding the anticipated amounts and sources of funding for their proposed projects. Specifically, the application must include a general description of the work, its location, and the intended use of the building or structure, along with any additional information required by the construction official. Furthermore, before a certificate of occupancy can be issued, the enforcing agency must ensure that the applicant either certifies the accuracy of the funding information provided or submits updated and accurate funding details.

Additionally, the bill requires the Commissioner of Community Affairs to establish rules and regulations within 180 days of the bill's enactment to facilitate the identification and disclosure of funders, investors, or financiers involved in construction projects. This legislative measure aims to enhance transparency in construction financing and ensure that all relevant financial information is accurately reported and verified throughout the permitting process. The act is set to take effect on the first day of the ninth month following its enactment.