This bill appropriates a total of $60,000,000 from dedicated corporation business tax revenues to the Department of Environmental Protection for the development of lands for recreation and conservation purposes, as outlined in the Preserve New Jersey Act. The funding will be allocated to various projects, including boating and fishing access, camping development, habitat improvements, infrastructure repairs, and other related initiatives. Notably, $9,187,000 of the total amount is available due to interest earnings on the dedicated tax revenues.

Additionally, the bill allows for the reallocation of funds among the identified projects without requiring the approval of the Joint Budget Oversight Committee, which is a significant change from previous requirements. The Department of Environmental Protection must notify key legislative leaders of any reallocations. Furthermore, an additional appropriation of $50,813,000 from the General Fund to the Preserve New Jersey Green Acres Fund is included to support the implementation of the bill's provisions. The act is set to take effect immediately upon approval.