Establishes the "Urban Wealth Fund Pilot Program."

This bill (A3563) establishes the "Urban Wealth Fund Pilot Program" to help New Jersey state entities and qualifying pilot municipalities identify and maximize revenue from underused public assets like buildings or land. The program directs the New Jersey Economic Development Authority (EDA) to develop guidelines, select assets for inclusion, and contract with private firms to professionally manage these assets with the goal of increasing revenue. Participating entities would receive annual revenue shares to fund specific public purposes, including assistance for minority-owned businesses, infrastructure improvements, education investments, and property tax reductions. The pilot program runs for five years, with the EDA required to report to the Legislature on its effectiveness and recommend whether to extend or make it permanent.