Establishes "Urban Wealth Fund Pilot Program."

This bill establishes a pilot program allowing New Jersey municipalities and state agencies to pool publicly-owned assets (like buildings or land) into a "Urban Wealth Fund." The program would contract private firms to manage these assets to increase revenue, with the extra income directed toward minority business support, infrastructure, education, or property tax cuts. Participating municipalities must identify underused public assets, undergo valuation, and apply through the Economic Development Authority. The pilot aims to test if better management of public assets can generate new revenue for community priorities.