Establishes the "Urban Wealth Fund Pilot Program" to identify and enhance revenue from publicly-owned assets.

The bill establishes the "Urban Wealth Fund Pilot Program" to identify and enhance revenue from publicly-owned assets. The New Jersey Economic Development Authority (EDA) would develop the program, in consultation with various state entities. The program aims to encourage State entities and pilot municipalities to identify publicly-owned assets capable of generating revenue, identify undervalued assets, and enhance revenue generation. The EDA would establish criteria for asset evaluation, notify eligible entities, and provide application procedures.

Establishes the "Urban Wealth Fund Pilot Program" to identify and enhance revenue from publicly-owned assets.

The bill establishes the "Urban Wealth Fund Pilot Program" to identify and enhance revenue from publicly-owned assets. The New Jersey Economic Development Authority (EDA) would develop the program, in consultation with various state entities. The program aims to encourage State entities and pilot municipalities to identify publicly-owned assets capable of generating revenue, identify undervalued assets, and enhance revenue generation. The EDA would establish criteria for asset evaluation, notify eligible entities, and provide application procedures.