A length of service award program established by a local government unit pursuant to section 3 of P.L. 1997, c. 388(C.40A:14-185) may be abolished or amended in the same manner as it was created. However, any such amendment or abolition shall be by a two-thirds vote of the full membership of the governing body of the local government unit. All accumulated proceeds shall remain in trust for the volunteer members.
N.J.S. § 40A:14-187