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, plans for conducting the efficiency review, and 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 the grant, detailing expenditures, improvements achieved, and cost savings realized from the efficiency review. The Director will compile these reports into a comparative profile for public access on the division's website. The bill appropriates $1.5 million from the General Fund to support the grant program, which aims to foster better management practices and operational efficiencies across local government units in the state.