This bill appropriates a total of $400,480,000 from the New Jersey Debt Defeasance and Prevention Fund for various projects aimed at improving state facilities and services. Specifically, it allocates $70 million to the Department of Environmental Protection for enhancements at Liberty State Park, including athletic fields and community centers. Additionally, it designates funds for the Department of Law and Public Safety for the construction of a secure juvenile facility ($60 million), a State Police Training Center ($120.48 million), and a forensic services laboratory ($17.879 million). The bill also provides $38.721 million to the Department of the Treasury for capital construction projects, $21 million to the Department of Military and Veterans Affairs for converting veterans' homes to single-occupancy rooms, and $65.4 million to the Office of Information Technology for upgrades to the State Enterprise Data Center.

Furthermore, the bill includes provisions for the remaining funds in the Debt Defeasance and Prevention Fund to be used for retiring state debts and funding capital construction projects that are already authorized by law. It mandates that the State Treasurer report to the Joint Budget Oversight Committee on the debt retirement process and savings achieved. The bill also establishes a framework for the approval of proposed capital projects by the Joint Budget Oversight Committee, which is required to meet quarterly to review these proposals. The act is set to take effect immediately upon approval.