Authorizes municipalities to establish dredging control reserve fund.

This bill (A1772) allows New Jersey municipalities to create a "dredging control reserve fund" using unspent annual dredging budget funds. The fund can later finance dredging projects like maintaining navigation channels, managing dredged material (e.g., sand, silt), or supporting maritime/tourism industries. Unspent funds are automatically added to the reserve, and any money spent from it must be reimbursed back into the fund. The Local Finance Board may establish rules for administering the reserve.