Increases amount annually credited to Shore Protection Fund to $50 million.

This bill (A2253) increases the annual amount credited to New Jersey's Shore Protection Fund from $25 million to $50 million. The fund receives the state portion of realty transfer fees collected when property deeds are recorded (calculated at $1.25 per $500 of property value). The change applies immediately to all future State fiscal years following enactment. This directly affects the Shore Protection Fund's annual funding level, doubling its baseline allocation from realty transfer fees.