Authorizes municipalities to establish dredging control reserve fund.

This bill allows New Jersey municipalities to create a "dredging control reserve fund" using unspent annual dredging budget money. The fund can later be used for dredging-related activities - including removing sediment from waterways, managing dredged material, and supporting local maritime or tourism industries - after regular budget appropriations. Any reimbursements for these expenditures must be returned to the reserve. The Local Finance Board can establish rules to implement the fund, and the bill takes effect immediately.