Modifies provisions concerning net positive benefits test and special economic importance for certain transformative projects under New Jersey Aspire Program.

This bill modifies New Jersey's Aspire Program requirements for large "transformative projects." It updates the definition of such projects (requiring minimum square footage for industrial/commercial/residential space depending on location) and adds new criteria for qualifying as "of special economic importance," including projects on contaminated land with $15M+ cleanup costs, healthcare centers near universities, or projects near transportation hubs/education facilities. The bill also specifies residential requirements (e.g., 700+ units or 200-400 units with commercial space depending on location) and maintains a 20% affordability requirement for low/moderate-income housing, exempting historic renovation projects. It directly affects developers seeking Aspire Program funding for qualifying large-scale redevelopment projects across the state.