This bill aims to limit the liability of operators of buildings, facilities, or premises used for sports, games, or amusement activities where participants and spectators engage in or observe physically-exerting recreational activities. It defines "physically-exerting recreational activity" to include a wide range of sports and activities, such as gymnastics, football, and rock climbing, while explicitly excluding activities governed by other specific liability laws, such as skiing and roller skating. Under the bill, both participants and spectators are deemed to assume the inherent risks associated with these activities, and participants are expected to act within their own abilities to avoid causing injury to themselves or others.

The bill establishes that the assumption of risk serves as a complete defense against lawsuits for injuries arising from these activities, regardless of comparative negligence laws. However, it does not protect operators from liability due to gross negligence or willful misconduct. Additionally, the bill clarifies that the liability limits apply to governmental entities and are cumulative with defenses available under the New Jersey Tort Claims Act. Overall, the legislation seeks to provide greater legal protection for operators while encouraging personal responsibility among participants and spectators in physically-exerting recreational activities.