Modifies interest rates and accrual of interest on certain unpaid water and sewer utility bills and delinquent municipal taxes, assessments, and other municipal liens and charges.

This bill modifies how interest accrues on unpaid water and sewer utility bills, as well as delinquent municipal taxes and other local charges. It directly affects property owners and residents who fall behind on these payments. The key change adjusts the interest rates and calculation methods for these outstanding bills, as specified in the amended statutory language. The bill applies to municipalities and sewerage authorities across New Jersey, affecting how they handle late payments.