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 provide grants or loans to local government units for the acquisition and development of lands designated for recreation and conservation purposes. Additionally, $2,410,000 is earmarked for administrative costs associated with the implementation of the bill. The funding is specifically divided into categories for land acquisition and development projects, with a focus on areas that meet certain population density criteria.

The bill also establishes definitions for densely or highly populated municipalities and counties, which are essential for determining eligibility for funding. It allows for the possibility of additional funding for local government projects if there are remaining funds after the initial allocations. The projects eligible for funding have been pre-approved by the DEP and the Garden State Preservation Trust, ensuring that the appropriated funds will be directed towards initiatives that support the state's goals for recreation and conservation.