This bill appropriates a total of $247,128,000 from the New Jersey Debt Defeasance and Prevention Fund for various capital projects. Specifically, it allocates $222,000,000 to the Department of Corrections for the design and construction of a new facility to replace the Edna Mahan Correctional Facility for Women, which is estimated to cost $312 million. Additionally, it provides $25,128,000 to the Department of the Treasury for capital construction projects recommended by the New Jersey Commission on Capital Budgeting and Planning, aimed at ensuring the safety and functionality of state facilities.

Furthermore, the bill establishes a process for future appropriations from the Debt Defeasance and Prevention Fund, allowing remaining balances to be used for retiring state debt and funding capital projects without incurring additional debt. It mandates that the Joint Budget Oversight Committee (JBOC) meet at least quarterly to review and approve proposed capital projects submitted by the State Treasurer. If the JBOC does not meet within a quarter, any recommendations made more than 45 days prior to the end of that quarter will be automatically approved.