This bill aims to eliminate transaction fees associated with the electronic transfer of funds into the accounts of incarcerated individuals in both adult and youth correctional facilities across New Jersey. It mandates the Department of Corrections and the Youth Justice Commission to establish uniform rules and regulations to ensure that deposits made via online platforms, mobile applications, or over the phone are free of charge. This change applies to all correctional facilities, including county and private institutions.

Additionally, the bill includes appropriations from the General Fund to both the Department of Corrections and the Youth Justice Commission to cover the necessary costs for implementing these changes, as certified by their respective leaders and subject to budgetary approval. The act is set to take effect on the first day of the thirteenth month following its enactment, although preparatory administrative actions may be taken in advance to facilitate timely implementation.