Provides that 10-year term does not apply to lease of certain municipal properties unless they are waterfront properties or related to waterfront concessions.

This bill changes lease terms for municipal properties in New Jersey. It allows local governments to lease non-waterfront public parks and recreation areas for up to 25 years instead of the current 10-year limit. Waterfront properties (those bordering oceans, rivers, or bays) remain subject to the 10-year lease cap. The policy directly affects municipalities owning inland recreational spaces, extending their lease flexibility for non-waterfront properties.