The bill appropriates a total of $44.4 million from constitutionally dedicated corporation business tax (CBT) revenues to the Department of Environmental Protection (DEP) for land acquisition aimed at recreation and conservation, including Blue Acres projects that address flood-prone areas. Specifically, it designates $21,375,000 from the Preserve New Jersey Green Acres Fund for land acquisition, with $5,402,000 of this amount available due to interest earnings. The funding is intended to enhance public access to natural resources and preserve environmental quality, supporting various projects across New Jersey that focus on ecological sustainability and community engagement.

Additionally, the bill includes a provision for the DEP to receive $1,650,000 for administrative costs related to implementing the act and allows for the reallocation of unexpended balances from previous appropriations for additional funding to previously approved State projects, pending Joint Budget Oversight Committee approval. Notably, it removes the requirement for this committee's approval for the expenditure of funds appropriated for specific projects, thereby streamlining the funding process. The projects have been approved by both the DEP and the Garden State Preservation Trust, ensuring effective utilization of the funds for their intended conservation and recreational purposes.