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NJ A3603

Bill

Official Source

Status

Passed

1/13/2026

Primary Sponsor

Louis Greenwald

Click for details

Origin

General Assembly

2026-2027 Regular Session

AI Summary

  • Extends the Municipal Stabilization and Recovery Act oversight period from 109 months to 169 months (approximately 14 years total) for municipalities deemed in need of stabilization and recovery
  • Changes the required recovery plan duration from nine years to fourteen years
  • Extends the deadline for the director's final report to the Governor and Legislature from the 10th year to the 15th year following a municipality's stabilization determination
  • Sponsored by Assemblyman Louis D. Greenwald (District 6, Burlington and Camden counties)
  • Pre-filed for introduction in the 2026 legislative session in New Jersey's 222nd Legislature

Legislative Description

Extends certain provisions of the Municipal Stabilization and Recovery Act for five years.

Withdrawn Because Approved

Last Action

Withdrawn Because Approved P.L.2025, c.324.

1/13/2026

Committee Referrals

State and Local Government1/13/2026

Full Bill Text

No bill text available