This bill appropriates $58.145 million from dedicated natural resource damages revenues to the New Jersey Department of Environmental Protection (DEP) for various projects aimed at habitat restoration, land acquisition, and restoration oversight. The funds are sourced from legal claims made by the State against several entities, including Atlantic Richfield Co. and Exxon Mobil Corporation, among others. The bill allows the DEP to reallocate these funds among the specified projects with the approval of the Director of the Division of Budget and Accounting, and mandates that the department notify key legislative leaders of any reallocations.

Additionally, the appropriated funds can be used for State costs, which may include grants or loans to local governments and nonprofit organizations as determined by the DEP. The bill is designed to facilitate the repair, restoration, or protection of the State's natural resources, ensuring that the funds are utilized effectively for environmental enhancement and conservation efforts. The act is set to take effect immediately upon passage.