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

This bill authorizes New Jersey fire districts to issue bond anticipation notes for up to 10 years to finance capital projects, extending the current three-year limit. Under the new rules, fire district boards can issue one-year notes that may be renewed multiple times, as long as payments are made from funds other than bond proceeds by specific anniversary dates. The legislation also clarifies that the period during which these notes are outstanding counts toward the useful life of the projects they fund. This change provides fire districts with greater flexibility to finance long-term infrastructure needs without relying on long-term bonds or lease-purchase agreements.