Requires grants from federal COVID-19 relief programs be disbursed proportionally based on population.

Bill A2738 requires New Jersey to distribute remaining federal COVID-19 relief grants to local governments based *solely* on population size, without minimum population thresholds. It applies to all pending federal funds not yet dispersed, committed, or incurred as of the bill’s effective date. The bill mandates the Department of Treasury to create new application regulations (based on "need") and post them online before implementation. This would replace current distribution methods, ensuring every municipality receives funds proportional to its population. The law expires once all eligible grants are disbursed.