A.
The governing body of the City may by resolution authorize the Planning Board from time to time to prepare a program of municipal capital improvement projects projected over a term of at least six years. Such program may encompass major projects currently being undertaken or future projects to be undertaken with federal, state, county and other public funds or under federal, state or county supervision. The program shall classify projects in regard to the urgency and need for realization and shall recommend a time sequence for their implementation. The program may also contain the other information required in N.J.S.A. 40:55D-29.
B.
Whenever the Planning Board is authorized and directed to prepare a capital improvement program, every municipal department, authority or agency shall transmit to the Planning Board a statement of all capital projects proposed to be undertaken by each municipal department, authority or agency during the term of the program. This information shall be provided upon the request of the Planning Board and shall be utilized for study, advice and recommendation by the Planning Board.