This bill mandates the Director of the Division of Local Government Services in the Department of Community Affairs to create a grant program aimed at enhancing the efficiency of local government units in New Jersey. The program will provide financial assistance to municipalities, counties, and other political subdivisions to hire management enhancement review consultants who will conduct efficiency reviews and recommend ways to streamline operations and reduce costs. To qualify for the grants, local government units must submit detailed applications outlining their proposed use of the funds, including the amount requested, how the funds will facilitate an efficiency review, and potential sources of matching funding. The maximum grant amounts are set at $150,000 for county-based units and $100,000 for municipal-based units, with recipients required to contribute 25% of the grant amount towards the review.

Additionally, the bill requires participating local government units to submit a report within one year of receiving a grant, detailing expenditures, achieved efficiencies, and cost savings resulting from the review. The Director will compile these reports into a comparative profile for public access on the division's website. The bill also appropriates $1.5 million from the General Fund to support the grant program. Overall, the legislation aims to promote operational efficiency and cost-effectiveness in local government operations across the state.