This bill appropriates a total of $23,725,000 from dedicated corporation business tax revenues to the New Jersey Department of Environmental Protection for land acquisition aimed at recreation and conservation. The funding will support various projects across multiple counties and municipalities, including initiatives like the Barnegat Bay Watershed Greenway and Connecting Habitats Across New Jersey. Notably, $3,765,000 of this amount is derived from interest earnings on the dedicated corporation business tax revenues, and the bill specifies that the expenditure of these funds for the listed projects does not require approval from the Joint Budget Oversight Committee.

In addition, the bill allocates another $23,725,000 for the Blue Acres program, which focuses on acquiring lands that have been or may be affected by storms or flooding, thereby protecting other areas from similar damage. This funding is also available from interest earnings, amounting to $3,752,000. The bill further includes provisions for reappropriating unexpended balances from various funding sources to support state projects for land acquisition and development, contingent upon Joint Budget Oversight Committee approval. Additionally, it allocates $2,050,000 for administrative costs related to the implementation of the Preserve New Jersey Act and appropriates $41,983,000 from the General Fund to support the bill's overall implementation, which is set to take effect immediately upon approval.