This bill prohibits local governments in New Jersey from naming any property under their control—such as roads, bridges, schools, buildings, neighborhoods, communities, or parks—after groups designated as foreign terrorist organizations by the federal government, or after lands controlled by such organizations, excluding recognized sovereign nations. The Division of Local Government Services, in collaboration with the Office of Homeland Security and Preparedness, is tasked with developing and annually updating a list of these designated organizations and lands, which will be published on the division's website.

Local governments are required to remove or dismantle any displays supporting or naming property after foreign terrorist organizations within 30 days of the bill's enactment. Additionally, if a local government has already named property after a foreign terrorist organization, it must rename that property within 90 days. The bill also stipulates that if a local government fails to comply, the State Treasurer will deduct a portion of the State aid allocated to that local government for each day of non-compliance. Furthermore, the bill ensures that municipalities can apply for reimbursement of costs incurred while complying with these requirements. The act is set to take effect immediately upon passage.