This bill appropriates a total of $49.5 million from 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, which focus on acquiring lands that have been damaged by storms or are at risk of flooding. Additionally, $2.05 million is set aside for administrative costs associated with managing these provisions. The bill outlines specific projects across multiple counties and municipalities, ensuring that the funds are directed towards enhancing New Jersey's natural resources and recreational spaces.

The bill streamlines the funding allocation process by stating 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 unspent funds from previous projects to support additional funding for existing state projects related to recreation and conservation, contingent upon the approval of the Joint Budget Oversight Committee. Furthermore, it emphasizes that at least 10 percent of the total funding must be allocated for Blue Acres projects. The projects and appropriations outlined in the bill have received prior approval from the DEP and the Garden State Preservation Trust, ensuring effective utilization of the funds.