This bill establishes the Fallen Law Enforcement Officer Memorial Commission within the Department of Law and Public Safety, tasked with designing and overseeing the construction of a memorial in Monmouth County to honor law enforcement officers who have died in the line of duty. The commission will consist of seven members, including representatives from various law enforcement associations and four public members, one of whom must be a retired law enforcement officer. Appointments to the commission must be made within 90 days of the bill's effective date, and the commission is required to organize and select a chairperson promptly after a majority of its members are appointed.

Additionally, the bill creates the Fallen Law Enforcement Officer Memorial Fund, which will be a nonlapsing fund administered by the commission to cover the costs associated with the memorial's design and construction. The bill appropriates $2.5 million from the General Fund to support this fund. The commission is also mandated to submit a final report to the Governor and the Legislature within 18 months, detailing the selected design and location for the memorial. The act will take effect immediately and will expire upon the completion of the memorial.