The 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. This funding is designated for grants to nonprofit entities for open space acquisition, park development, and planning projects, as well as for administrative expenses. Specifically, $11,959,000 is allocated for grants to assist qualifying tax-exempt nonprofit organizations in acquiring and developing lands for recreation and conservation purposes, while $1,000,000 is earmarked for establishing a new Planning Grant program to support nonprofit organizations in preparing plans for additional recreation and conservation initiatives. Additionally, $681,000 is allocated for administrative costs associated with these programs.

The bill also allows the DEP to reallocate unexpended funds from previous projects due to withdrawals, cancellations, or cost savings to provide additional funding for previously approved projects, contingent upon the approval of the Joint Budget Oversight Committee (JBOC). The funding is intended to support various 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 the Preserve New Jersey Green Acres Fund, established under the Preserve New Jersey Act, which facilitates the constitutional dedication of CBT revenues for open space, farmland, and historic preservation initiatives.