New Jersey S1540 authorizes municipal dredging of lagoon community waterways and allows for special assessments or bonds to finance such dredging.
New Jersey S1540 allows municipalities with lagoon communities to contract for the dredging of waterways that function as streets, enabling boat transportation. The bill defines "lagoon community" as any residential development in a coastal municipality where waterways provide boat access. It authorizes the use of special assessments on property owners who benefit from the dredging or the issuance of bonds to finance the dredging as a capital improvement. This act takes effect immediately.
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