The bill appropriates a total of $44.4 million from constitutionally dedicated corporation business tax (CBT) revenues to the New Jersey Department of Environmental Protection (DEP) for land acquisition aimed at recreation and conservation. This includes $21,375,000 designated for general land acquisition and another $21,375,000 specifically for properties affected by storm-related damage, along with $1,650,000 allocated for administrative costs associated with managing these funds. The funding is sourced from CBT revenues, with a portion available due to interest earnings. The bill also emphasizes the importance of preserving natural areas and promoting sustainable land use practices, supporting ecological health and community engagement.

Additionally, the bill allows for the reallocation of unspent funds from previous appropriations due to project cancellations or cost savings, providing extra funding for previously approved State projects, contingent upon the approval of the Joint Budget Oversight Committee. It clarifies that this additional funding may include administrative costs if derived from a Green Acres bond act. The projects outlined in the bill have received approval from both the DEP and the Garden State Preservation Trust, ensuring effective utilization of the funds for environmental conservation and community enhancement across various municipalities in New Jersey.