This bill appropriates a total of $393,480,000 from the New Jersey Debt Defeasance and Prevention Fund for various capital projects across multiple state departments. Specifically, it allocates $70,000,000 to the Department of Environmental Protection for improvements at Liberty State Park, including the construction of athletic fields and community facilities. The Department of Law and Public Safety receives a total of $198,359,000 for projects such as a new State Police Training Center, a juvenile facility, and a forensic laboratory. Additionally, the Department of the Treasury is allocated $38,721,000 for capital projects recommended by the New Jersey Commission on Capital Budgeting and Planning, while the Department of Military and Veterans Affairs is appropriated $21,000,000 for converting veterans' homes to single occupancy. The Office of Information Technology is also set to receive $65,400,000 for upgrades to the State Enterprise Data Center.

Furthermore, the bill establishes a framework for future appropriations from the Debt Defeasance and Prevention Fund, allowing remaining balances to be used for retiring state debt and funding capital projects without incurring additional debt. It mandates that the Joint Budget Oversight Committee (JBOC) meet quarterly to review and approve proposed capital projects submitted by the State Treasurer. If the JBOC does not convene in a given quarter, any recommendations made at least 45 days prior to the quarter's end will be automatically approved. This process aims to enhance fiscal responsibility and ensure that capital projects are funded efficiently.