This bill appropriates a total of $13,640,000 to the New Jersey Department of Environmental Protection (DEP) from constitutionally dedicated corporation business tax (CBT) revenues. The funding is allocated for various purposes, including $11,959,000 for grants to nonprofit organizations for the acquisition and development of lands for recreation and conservation, $1,000,000 to establish a new Planning Grant program aimed at supporting nonprofit organizations in preparing plans for additional recreation and conservation initiatives, and $681,000 for administrative costs associated with these activities. The bill specifies that the approval of the Joint Budget Oversight Committee (JBOC) is required for the distribution of grant funds and for any changes in project sponsors or types.

Additionally, the bill allows the DEP to reallocate unexpended funds from previous appropriations due to project withdrawals or cost savings to provide additional funding for previously approved projects, also subject to JBOC approval. The funding is intended to support a variety of projects, including eight land acquisition projects, two park development projects, and four stewardship activity projects, all of which have been approved by the DEP and the Garden State Preservation Trust. The bill emphasizes the importance of utilizing dedicated CBT revenues for open space and conservation efforts in New Jersey.