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

This bill allows coastal municipalities in New Jersey to dredge waterways in "lagoon communities" (defined as residential coastal developments where waterways function as streets for boat access) to maintain boat transportation. Municipalities may finance dredging and disposal of dredged material by charging special fees to property owners determined to benefit from the work or by issuing bonds for the project. The bill specifically authorizes these actions for both maintenance and restorative dredging. It takes effect immediately upon passage and directly affects coastal municipalities and property owners within designated lagoon communities.