This bill appropriates a total of $18,518,738 to the New Jersey Historic Trust, sourced from constitutionally dedicated corporation business tax (CBT) revenues, for grants aimed at various historic preservation projects and associated administrative expenses. Specifically, it allocates $16,598,738 for capital preservation grants, historic site management grants, and easement purchases, with detailed funding amounts for 43 capital projects and 34 management projects outlined in the bill. Additionally, $1,920,000 is designated for administrative costs related to the implementation of the Preserve New Jersey Act.

The bill stipulates that any changes in project funding, sponsors, or types will require approval from the Joint Budget Oversight Committee. Furthermore, it allows for the possibility of additional funding for historic preservation projects if there are remaining funds after the initial allocations, contingent upon the approval of the Joint Budget Oversight Committee. All projects funded through this bill must be associated with properties listed or eligible for listing in the New Jersey and National Register of Historic Places.