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, including Blue Acres projects that focus on flood-prone areas. Specifically, it allocates $21,375,000 for general land acquisition and another $21,375,000 for properties affected by storm-related damage, along with $1,650,000 for administrative costs associated with managing these funds. The funding is bolstered by interest earnings on the dedicated CBT revenues and allows for the reappropriation of unexpended balances from previous funding sources, contingent upon the approval of the Joint Budget Oversight Committee.

Additionally, the bill emphasizes the importance of connecting habitats across New Jersey through initiatives like the Connecting Habitats Across New Jersey (CHANJ) and the Delaware and Raritan Canal Greenway. It outlines specific projects and municipalities that will benefit from the funding, ensuring a broad geographic distribution aimed at environmental protection and community enhancement. The legislation streamlines the funding process by clarifying that the expenditure of funds for the listed projects does not require the Joint Budget Oversight Committee's approval, thereby enhancing the state's capacity to manage and protect its natural resources while promoting recreational opportunities for residents.