This bill appropriates a total of $10,067,905 from various sources, including $9,588,905 from dedicated corporation business tax revenues and $479,000 for administrative costs, to the Department of Environmental Protection for the purpose of funding grants to qualifying tax-exempt nonprofit organizations. These grants will assist in acquiring and developing lands for recreation and conservation purposes, as well as undertaking stewardship activities. The bill outlines specific projects eligible for funding, detailing the approved amounts for various nonprofit organizations across multiple counties and municipalities in New Jersey.

Additionally, the bill allows for the reappropriation of unexpended balances from previous funding sources related to the Green Acres bond act and the Garden State Green Acres Preservation Trust Fund. It stipulates that any changes in project sponsors or funding allocations must receive approval from the Joint Budget Oversight Committee. The act is set to take effect immediately upon approval, which occurred on July 10, 2024.