Authorizes fire districts to issue certain bond anticipation notes for up to 10 years following initial note issuance.

This bill extends the maximum time fire districts in New Jersey can issue bond anticipation notes - from 3 years to 10 years - to finance capital projects like building or renovating fire stations. Currently, districts must use long-term bonds or bank leases for projects exceeding 3 years, but this change allows them to use these short-term notes for the full project duration. The law amendment specifically permits renewal of one-year notes for up to 10 years total, with requirements to retire portions of the notes annually from non-bond funds. This directly affects fire districts managing multi-year infrastructure projects without requiring immediate long-term borrowing.