Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."

This bill amends New Jersey's Urban Enterprise Zone (UEZ) program to explicitly include property acquisition costs as eligible expenses under the UEZ assistance fund. The amendment specifically adds "purchasing, leasing, or otherwise acquiring land or other property" to the definition of "qualified assistance fund expense" in the law. This change allows businesses and municipalities in designated UEZ areas to use assistance funds for property-related expenses within those zones. The policy change directly affects businesses and local governments participating in New Jersey's UEZ program who seek to use the assistance fund for property acquisitions.