Establishes fund for DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.

This bill creates a permanent $25 million fund within New Jersey's Department of Environmental Protection (DEP) to support the Blue Acres program. The fund provides relocation assistance for homeowners and tenants displaced by property buyouts and covers the cost of acquiring flood-prone lands for natural flood storage, parks, or open space. It specifies that no more than 5% of annual fund revenue can cover DEP administrative costs. The funding directly affects residents in flood-prone areas who participate in Blue Acres buyouts, helping them relocate and enabling the state to acquire properties to reduce flood risks.