The bill establishes the Capital City Commission within the Department of Community Affairs, tasked with studying and making recommendations for the advancement and improvement of the City of Trenton. The commission will consist of 13 members, including key local officials and appointees from the Senate, General Assembly, and the Governor, all of whom will serve without compensation but can be reimbursed for necessary expenses. The commission is required to organize within 60 days of the effective date of the bill and will focus on various issues, such as enhancing the Trenton waterfront, attracting businesses, leveraging state assets, and promoting cultural and recreational opportunities.

The commission is mandated to meet quarterly for the first two years and must submit an initial report of its findings and recommendations to several stakeholders, including the Governor and the Trenton City Council, within 24 months of its formation. After the initial report, the commission will continue to meet at least twice a year and provide annual updates on the implementation of its recommendations. This structured approach aims to ensure ongoing evaluation and adaptation of strategies to improve Trenton as New Jersey's capital city.