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 various purposes, including $11,959,000 for grants to nonprofit organizations aimed at acquiring and developing lands for recreation and conservation, $1,000,000 to establish a new Planning Grant program for matching grants to nonprofits for planning activities, and $681,000 for administrative costs associated with these initiatives. The bill outlines specific allocations for projects, including $8,346,000 for land acquisition, $2,133,000 for park development, and $1,480,000 for stewardship activities.

Additionally, the bill allows the DEP to reallocate unspent funds from previous projects due to withdrawals or cost savings to provide further financial support for previously approved nonprofit projects, contingent upon the approval of the Joint Budget Oversight Committee (JBOC). The funding is sourced from the Preserve New Jersey Green Acres Fund, established under the Preserve New Jersey Act, which dedicates CBT revenues for open space and conservation efforts. The bill emphasizes the importance of oversight by the JBOC for the distribution of grant funds and the management of the appropriated amounts.