Towns would approve local transportation spending from certain development fees

Spending this share on transportation projects would require approval from the town's governing body. This covers the existing local share of the authority's development fees, at least 30% of fees collected. Projects must be in the town where the development that paid the fee is located. The town's governing body could withhold approval at its sole discretion. The approval requirement would take effect immediately if the bill becomes law.

The authority would be barred from spending the local fee share on these district costs and traffic systems. These restrictions cover the local share of development fees described above. The cost ban covers the authority's and Meadowlands Transportation Planning Board's work on the district transportation plan and planning district. The traffic-system ban includes the Meadowlands Adaptive Signal System for Traffic Reduction. The spending bans would take effect immediately if the bill becomes law.