NJ S3284

Creates a seven-member "New Jersey Transportation Consolidation Task Force" to evaluate merging NJ Transit Corporation, NJ Transportation Trust Fund Authority, NJ Turnpike Authority, South Jersey Transportation Authority, and the Department of Transportation into a single independent agency.

Appointments include two transportation policy experts from NJIT and Rutgers selected by the Governor, one public finance expert appointed by the Governor, and four public members appointed by legislative leaders from both parties.

Task force must submit a report within 12 months analyzing legal matters (including bond covenants and labor issues), operational concerns, financial impacts, and potential changes to the State's credit rating.

Required to provide detailed cost savings analysis for both pre-consolidation efficiencies and post-merger savings across areas including purchasing, legal services, engineering, debt restructuring, and employee benefits.

Must include a legislative proposal for establishing the new consolidated agency with a recommended governance structure featuring a board of directors and professional executive director.