Appropriates $1.723 million from constitutionally dedicated CBT revenues and "2009 Farmland Preservation Fund" to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.

This bill appropriates $1.723 million from existing funds - $896,678 from constitutionally dedicated corporation business tax revenues (via the Preserve New Jersey Farmland Preservation Fund) and $826,321 from the 2009 Farmland Preservation Fund - to the State Agriculture Development Committee. The funds will provide grants covering up to 50% of the cost for nonprofit organizations to acquire development easements or fee simple titles on farmland, with agricultural deed restrictions, to preserve working farms. The bill specifically allocates funds to five farmland projects across Hunterdon, Sussex, and Warren counties. These grants are funded through reallocated monies previously designated for farmland preservation, not new tax revenue.