Authorizes municipal assessment of development impact fees following State guidelines and makes an appropriation.

This bill authorizes New Jersey municipalities to assess impact fees on developers of new construction to fund necessary capital improvements like infrastructure, schools, parks, and public safety facilities. Municipalities must have a capital improvement program and master plan in place before implementing these fees, which must be proportional to the development's share of the costs. The bill establishes a commission to review and certify fee ordinances, exempts low and moderate income housing from fees, and requires 50% of fees to be paid before construction begins and the remainder before occupancy. It also limits how long municipalities can hold unspent fees (eight years after final payment, unless construction has begun).