Authorizes county legislative authorities to establish local public works assistance funds for the purpose of funding public works projects located wholly or partially within the county.

Authorizes counties, in consultation with cities and towns within the county, to make loans to local governments from funds established under this act for the purpose of assisting local governments in funding public works projects.

Requires county legislative authorities utilizing or providing money under this act to develop a prioritization process for funding public works projects that gives priority to projects necessary to address public health needs, substantial environmental degradation, or increases existing capacity necessary to accommodate projected population and employment growth.