The Fiscal Integrity for Future Attractions (FIFA) Act establishes an independent commission tasked with reviewing and approving agreements related to hosting major events or attractions in New Jersey that require the commitment of public resources. Under this bill, any agreement entered into by the State or its representatives must receive prior approval from the newly formed Commission on the Fiscal Integrity for Future Attractions. This includes any supplements, modifications, or addenda that would necessitate additional public resources. The commission's approval will require a majority vote, and any agreements made without this approval will be considered null and void.

The commission will consist of five ex-officio members: the Governor, the President of the Senate, the Minority Leader of the Senate, the Speaker of the General Assembly, and the Minority Leader of the General Assembly. The bill defines "major event or attraction" as those that enhance tourism and provide significant economic, social, and cultural benefits to the state, while "public resources" encompasses various state-owned infrastructure and services. The act aims to ensure transparency and thoughtful consideration of the impacts associated with hosting large-scale events, thereby safeguarding public resources and maintaining public trust.