Expands range of local units eligible to join an insurance fund established by a municipality or county under certain circumstances.

This bill expands eligibility for local units to join municipal or county insurance funds. It amends New Jersey law to explicitly include county colleges and municipal authorities as "local units" that can participate in these funds, which currently cover counties, municipalities, school boards, and vocational schools. The change removes existing gaps - county colleges previously could only join county funds (not municipal ones), and municipal authorities had no statutory participation authority. The bill clarifies that all eligible local units can now access these pooled insurance arrangements under a single statute.