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 funds from previous Green Acres bond acts or appropriations, enabling the DEP to provide additional funding to previously approved projects of nonprofit organizations, contingent upon the approval of the Joint Budget Oversight Committee. This flexibility aims to enhance the effectiveness of conservation efforts by ensuring that any returned funds can be redirected to support ongoing or new initiatives in land acquisition and stewardship.