This bill appropriates a total of $101,696,535 from constitutionally dedicated corporation business tax revenues and various Green Acres funds to the New Jersey Department of Environmental Protection (DEP). The majority of these funds, amounting to $99,286,535, will be allocated to assist local government units in acquiring and developing lands for recreation and conservation purposes, while $2,410,000 is designated for the DEP's administrative costs. Specifically, $24,321,885 is earmarked for land acquisition projects, which include planning incentive, standard, site-specific incentive, and urban aid acquisition projects. Additionally, $74,964,650 is allocated for land development projects, including local park development and completely inclusive playground projects under Jakes Law.

The bill also establishes definitions for densely or highly populated municipalities and counties, which are crucial for determining eligibility for funding. It allows for the reallocation of any remaining funds after the initial projects are funded, enabling the DEP to provide additional financial support for previously approved projects, subject to the approval of the Joint Budget Oversight Committee. Overall, the bill aims to enhance recreational and conservation opportunities across New Jersey by supporting local government initiatives.