This bill appropriates a total of $10,067,905 to the New Jersey Department of Environmental Protection (DEP) from constitutionally dedicated corporation business tax (CBT) revenues. Of this amount, $9,588,905 is designated for grants to qualifying nonprofit organizations to acquire or develop lands for recreation and conservation purposes, while $479,000 is allocated for administrative costs associated with the implementation of the Preserve New Jersey Act. The funding will support various projects, including 11 land acquisition projects, four park development projects, and two stewardship activity projects, all of which have received prior approval from the DEP and the Garden State Preservation Trust.

Additionally, the bill allows for the reappropriation of unexpended balances from previous funding due to project withdrawals, cancellations, or cost savings. This reallocated funding can be used to provide additional financial support to previously approved projects, contingent upon the approval of the Joint Budget Oversight Committee. The bill emphasizes the importance of stewardship activities, which are defined as efforts beyond routine maintenance aimed at enhancing or protecting lands acquired or developed for recreation and conservation purposes.