Appropriates $101,696,535 from constitutionally dedicated CBT revenues to DEP for local government open space acquisition and park development projects; and for certain administrative expenses.

This bill appropriates $101.7 million from constitutionally dedicated corporation business tax revenues and Green Acres funds to the Department of Environmental Protection for local government open space acquisition and park development projects. The funds will support $24.3 million in land acquisition projects (including planning incentive, standard, site-specific, and urban aid acquisition) and $75 million in park development projects (including inclusive playgrounds required by "Jake's Law" and projects in densely populated areas). Local governments across New Jersey will receive grants or loans to acquire or develop lands for recreation and conservation purposes, with $2.4 million allocated for administrative costs. The bill defines eligibility based on population density criteria to target funding to areas with higher population needs.