This bill appropriates a total of $55 million to the New Jersey Department of Environmental Protection (DEP) for capital and park development projects aimed at enhancing recreation and conservation efforts on state-administered lands. The funding is sourced from constitutionally dedicated corporation business tax (CBT) revenues, as well as accumulated interest earnings from the Garden State Green Acres Preservation Trust Fund and other Green Acres bond acts. Specifically, $50.3 million is allocated from the Preserve New Jersey Green Acres Fund, while an additional $4.7 million comes from various Green Acres funds. The bill outlines specific allocations for projects such as boating and fishing access, camping development, habitat enhancement, infrastructure repairs, and administration.

Additionally, the bill includes a provision that allows the DEP to reallocate funds among the identified projects without requiring approval from the Joint Budget Oversight Committee, although written notification must be sent to key legislative leaders regarding any reallocations. The act is set to take effect immediately upon passage. Overall, this legislation aims to support the ongoing efforts to preserve and enhance New Jersey's natural resources and recreational spaces through targeted funding and project development.