Requires municipal accounting of abandoned properties before receiving certain State aid; establishes State database of abandoned properties; requires owners of abandoned properties to document rehabilitation efforts.

This bill requires municipalities in New Jersey to identify and track abandoned properties before they can receive certain state financial aid programs. It establishes a statewide database of these properties and mandates that owners document their rehabilitation efforts on a quarterly basis. Municipalities will be able to charge annual fees to cover the costs of maintaining these registries, and owners must provide evidence of repairs or improvements made to their properties. If a municipality fails to comply with these tracking and reporting requirements, it will lose access to specific state aid programs during that fiscal year.