Requires DEP to undertake bank stabilization project under certain circumstances; appropriates $10 million.

This bill requires New Jersey's Department of Environmental Protection (DEP) to immediately conduct bank stabilization projects on waterways experiencing significant erosion that has damaged homes or caused land loss, but only if the U.S. Army Corps of Engineers has conducted flood control work upstream. It mandates the DEP to consult with local municipal engineers and affected homeowners during project planning and to expedite emergency permits under flood control laws. The bill appropriates $10 million from the state general fund specifically for these projects, with additional funding requests requiring immediate notification to budget officials if needed. It directly affects residents in flood-prone areas near waterways with upstream Corps of Engineers projects.