The governing body may adopt the program as recommended by the
Planning Board with any modification approved by a majority vote of
the full authorized membership, recording the reasons for any modification.
Upon adopting any portion of the Master Plan, the governing
body or other public body having jurisdiction over the subject matter
shall refer any capital improvements project to the Planning Board
for review and recommendation in conjunction with the Master Plan
and shall not act thereon without such recommendation, which shall
be made no later than 45 calendar days after the reference, prior
to the expenditure of public funds.