This bill mandates that the Passaic Valley Sewerage Commissioners maintain minutes for all their meetings and public hearings, ensuring that no actions can be taken unless they are documented in these minutes. The minutes must be submitted to the Governor, who has the authority to approve or veto them within a 15-day period. If the Governor does not approve the minutes within this timeframe, the actions taken during the corresponding meeting or public hearing will not take effect. However, if the Governor approves the minutes before the 15 days are up, the actions will become effective immediately.

Additionally, if the Governor chooses to veto any actions within the 15-day period, those actions will be rendered null and void. The bill emphasizes that the Governor's powers in this context must respect the rights of bondholders and does not alter the obligations of the commissioners regarding their financial commitments. The act is set to take effect immediately upon passage.