Permits police departments to donate unclaimed bicycles to nonprofit organizations.

This bill allows New Jersey police departments to donate unclaimed bicycles to tax-exempt nonprofit organizations instead of selling them at auction. To qualify, the bicycle must have been found by a police officer acting in the line of duty, with the owner unknown or refusing to claim it after six months. Municipalities must approve the donation through an annual resolution listing eligible nonprofits, which must be exempt from federal income tax under section 501(c)(3). This changes current law requiring unclaimed bicycles to be sold at auction, redirecting them to community organizations that refurbish and distribute bikes to residents.