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 nonprofit projects for recreation and conservation purposes, contingent upon the approval of the Joint Budget Oversight Committee. This flexibility aims to enhance the effectiveness of the funding by addressing any project withdrawals, cancellations, or cost savings that may occur. Overall, the bill seeks to bolster New Jersey's efforts in land conservation and recreational development through targeted financial support to nonprofit entities.