This bill appropriates a total of $19,135,810 from various sources to the Department of Environmental Protection for the purpose of funding projects related to land acquisition, development, and stewardship for recreation and conservation purposes. Specifically, it allocates $9,588,905 from dedicated corporation business tax revenues to provide grants to qualifying tax-exempt nonprofit organizations. The bill outlines eligible projects for funding, including land acquisitions by organizations such as the Friends of Hopewell Valley and the New Jersey Conservation Foundation, as well as development projects like improvements to Elijah Perry Park and Monte Irvin Park.

Additionally, the bill includes provisions for the reappropriation of unexpended balances from previous funding sources, allowing for additional funding to qualifying projects that have previously received support. It also allocates $479,000 for administrative costs associated with the management of these funds and a further $10,067,905 from the General Fund to support the implementation of the act. The bill emphasizes the need for approval from the Joint Budget Oversight Committee for any changes in project sponsorship or funding allocations. The act is set to take effect immediately upon approval.