Requires legislative approval of funding for certain BPU plans, programs, and projects.

This bill requires New Jersey's Board of Public Utilities (BPU) to obtain legislative approval for any plan, program, or project costing over $1 million that isn't already in its approved annual budget. Before proceeding, the BPU must submit a detailed written explanation including the project outline, cost estimate, objectives, and justification for extra funding. The legislature must then pass a concurrent resolution to approve or deny the funding; if no resolution is passed by year-end, the project is automatically denied. Emergency projects related to federally declared disasters are exempt from this requirement but must be reported to the legislature within 30 days of implementation.