Extends certain provisions of the Municipal Stabilization and Recovery Act for five years.

This bill extends the Municipal Stabilization and Recovery Act by five years, directly affecting municipalities designated as "in need of stabilization and recovery" under the existing law. It modifies the timeline for recovery plans, changing the maximum period from 109 months to 169 months after a municipality is designated. The key mechanism requires these municipalities to create and implement 14-year recovery plans focused on balancing budgets, repaying debts (including pension obligations), and ensuring timely tax payments to counties and school districts. The extension provides additional time for financially distressed municipalities to achieve fiscal stability through structured planning. (Note: The bill was withdrawn as it was already enacted as P.L.2025, c.324.)