This bill appropriates a total of $101,696,535 from constitutionally dedicated corporation business tax (CBT) 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, and $74,964,650 is allocated for land development projects, with detailed funding distributions outlined for various types of projects, including those for densely populated municipalities and completely inclusive playgrounds.

The bill also establishes definitions for densely or highly populated municipalities and counties, which are critical 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 both new and previously approved local government projects, subject to the approval of the Joint Budget Oversight Committee. The projects funded by this bill have already received approval from the DEP and the Garden State Preservation Trust, ensuring that the appropriated funds will be utilized effectively for the intended purposes of recreation and conservation.