This bill allows the board of county commissioners in New Jersey to create a Sharing Resources grant and loan program aimed at supporting local units that are exploring shared service agreements, joint meeting contracts, or municipal consolidation. The funds from this program can be utilized for studies, consultant fees, and one-time start-up costs associated with these initiatives. The board, in collaboration with the Commissioner of Community Affairs, is empowered to establish necessary rules and regulations, while the Commissioner is tasked with providing standardized guidelines for grant application submissions.

Additionally, the bill stipulates that local units can apply for financial assistance specifically for one-time start-up costs, excluding expenses that could be covered through debt issuance or capital leases. The board of county commissioners has the authority to set limits on aid awards and negotiate terms to ensure the cost-effectiveness and public interest of the proposed shared services. Furthermore, the board can receive funding from various sources, including state and federal governments, as well as private entities, and may raise funds through taxation to support the program's expenses.