This bill amends R.S.40:5-2 to authorize counties and municipalities in New Jersey to make voluntary contributions of up to $70,000 annually to nonprofit veterans organizations that serve their respective areas. The bill stipulates that these contributions must be used to address various issues faced by veterans, including housing assistance, food security, mental health, and career transitions. Additionally, it requires that the nonprofit veterans organization provide an accounting of all funds received from the county or municipality in the previous year, detailing how those funds were utilized for programs or resources benefiting veterans.

Furthermore, the bill defines a "nonprofit veterans organization" as any entity that offers support services to veterans and qualifies as a section 501(c)(19) tax-exempt organization under the Internal Revenue Code. This legislative change complements existing provisions that allow for contributions to first aid and emergency services, thereby expanding the scope of financial support available to organizations dedicated to assisting veterans in the community.