Authorizes municipalities to establish dredging control reserve fund.

This bill allows New Jersey municipalities to create a "dredging control reserve fund" using unspent annual dredging budget funds. The fund can be used for dredging activities like removing sand or silt from waterways to maintain navigation channels, managing dredged materials, or supporting maritime, recreation, or tourism industries. Any costs paid from the reserve must be reimbursed back into the fund. The Local Finance Board can establish rules to implement this program, and the bill takes effect immediately. It directly affects municipalities with waterway maintenance needs.