New Jersey A2802 allows municipalities to create a dredging control reserve fund for waterway maintenance.

New Jersey A2802 authorizes municipalities to establish a dredging control reserve fund. Unexpended balances budgeted annually for dredging can be transferred into this fund. The municipality can use these funds for dredging-related purposes, such as maintaining or deepening navigation channels, managing dredged material, and supporting maritime, recreation, or tourism industries. Reimbursements from these activities are to be deposited back into the reserve. The Local Finance Board can create rules to implement this fund.

New Jersey A2802 allows municipalities to create a dredging control reserve fund for waterway maintenance.

New Jersey A2802 authorizes municipalities to establish a dredging control reserve fund. Unexpended balances budgeted annually for dredging can be transferred into this fund. The municipality can use these funds for dredging-related purposes, such as maintaining or deepening navigation channels, managing dredged material, and supporting maritime, recreation, or tourism industries. Reimbursements from these activities are to be deposited back into the reserve. The Local Finance Board can create rules to implement this fund.