Authorizes municipal dredging of lagoon community waterways and levying of special assessment or issuing of bonds to finance such dredging.

This bill allows municipalities in coastal areas with lagoon communities to contract for dredging waterways that serve as boat-access routes for residential developments. It authorizes financing through special assessments on property owners who benefit from the dredging or by issuing bonds under existing law. The bill specifically defines "lagoon community" as coastal residential areas where waterways function as streets for boat transportation. It covers both maintenance and restorative dredging to preserve access but does not require municipalities to use this option.