Allows DEP to authorize reformation assessment of certain water and wastewater treatment and conveyance systems.

This bill allows New Jersey's Department of Environmental Protection to approve "reformation assessments" for certain water and wastewater treatment and conveyance systems. These assessments are independent evaluations designed to analyze the current condition and performance of aging or damaged infrastructure and identify options for reforming ownership, management, and operations. The bill directly affects municipalities that own water or wastewater systems facing serious risks due to infrastructure deterioration or damage beyond their capacity to repair. If an assessment determines that transferring assets to a capable private or public entity could better protect drinking water and the environment, the municipality may have the option to lease, sell, or transfer those assets under specific conditions.