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 mitigate storm damage. 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 funds are directed towards enhancing public access to natural resources and preserving the state's environmental heritage.

Moreover, 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 unspent funds from previous projects to support additional funding for existing state projects related to recreation and conservation, contingent upon the committee's approval. Importantly, the bill mandates that at least 10 percent of the total funding must be allocated for Blue Acres projects, ensuring a focus on storm damage mitigation. All projects and appropriations have received prior approval from the DEP and the Garden State Preservation Trust, confirming their effective utilization.