The bill appropriates a total of $15,546,575 to the New Jersey Department of Environmental Protection (DEP) from constitutionally dedicated corporation business tax (CBT) revenues. Of this amount, $15,115,075 is designated for grants to qualifying nonprofit organizations to acquire or develop lands for recreation and conservation purposes, while $431,500 is allocated for administrative costs associated with managing these provisions. The funding includes specific allocations for various projects, such as $9,597,073 for land acquisition, $5,230,502 for park development, and $287,500 for stewardship activities.

Additionally, the bill allows the DEP to reallocate unspent funds from previous projects due to withdrawals, cancellations, or cost savings to provide further financial support for previously approved nonprofit projects, contingent upon the approval of the Joint Budget Oversight Committee. This reallocation may also cover administrative costs if the funds originate from a Green Acres bond act. The bill emphasizes the importance of utilizing dedicated CBT revenues for open space and conservation efforts, as established by the Preserve New Jersey Act.