Extends certain provisions of CRDA Urban Revitalization Program.

S 2069 extends the funding period for the Casino Reinvestment Development Authority's (CRDA) Urban Revitalization Program from 20 to 40 years for eligible projects. It modifies two funds: the project fund (for construction materials and retail sales tax revenues) and the room fund (for luxury tax revenues), allowing annual grants to casino licensees and the CRDA for approved district projects over 40 years. The bill caps total grants at five times a project's approved cost, whichever comes first. This directly affects casino licensees and communities near casino locations in New Jersey, as it ensures continued financial support for urban revitalization efforts tied to casino operations. The bill is pending before the Senate State Government, Wagering, Tourism & Historic Preservation Committee.