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.

Additionally, 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 a reappropriation of unexpended balances from previous Green Acres bond acts, allowing the Department of Environmental Protection to utilize these funds for state projects with prior funding. Furthermore, it allocates $2,050,000 for administrative costs related to the Preserve New Jersey Green Acres Fund and an additional $41,983,000 from the General Fund to support the act's implementation. The bill is set to take effect immediately upon approval, which occurred on January 30, 2025.