Concerns UEZ assistance fund expenses by specifically including certain property acquisition under definition of "qualified assistance fund expense."

This bill amends New Jersey's Urban Enterprise Zone (UEZ) program to explicitly include property acquisition - such as purchasing, leasing, or acquiring land or property - as a qualified expense for the UEZ assistance fund. It updates the legal definition of "qualified assistance fund expense" to ensure property-related costs are directly eligible for funding, clarifying prior ambiguities. This change directly affects businesses and municipalities in designated UEZs, allowing them to use fund resources for property development without additional approvals. The amendment streamlines fund usage for economic development projects involving property acquisition within enterprise zones.