This bill appropriates a total of $49.5 million from constitutionally dedicated corporation business tax (CBT) revenues to the New Jersey Department of Environmental Protection (DEP) for the acquisition of lands designated for recreation and conservation purposes. It specifically allocates $23.725 million from the Preserve New Jersey Green Acres Fund for various projects, including Blue Acres initiatives, and sets aside $2.05 million for administrative costs associated with managing these provisions. The funding aims to support open space, farmland, and historic preservation initiatives, with a minimum of 10 percent of the funds designated for Blue Acres projects. The bill outlines specific projects across multiple counties and municipalities, ensuring a broad geographic distribution of resources to enhance New Jersey's recreational and conservation efforts.

Additionally, the bill streamlines the funding allocation process by stipulating that the expenditure of these funds for the listed projects will not require the approval of the Joint Budget Oversight Committee. It also allows for the reappropriation of unexpended balances from previous appropriations for state projects related to recreation and conservation, enabling the DEP to provide additional funding to previously approved projects, subject to the Joint Budget Oversight Committee's approval. This provision aims to maximize the use of available funds for ongoing conservation and recreation initiatives throughout the state, ensuring that the projects and appropriations have received the necessary approvals from both the DEP and the Garden State Preservation Trust.