Extends for five years expiration date of special appraisal process for Green Acres program and farmland preservation program for lands in Highlands Region.

S 3146 extends the special appraisal process for land acquisitions under New Jersey's Green Acres program and farmland preservation program in the Highlands Region from June 30, 2024 to June 30, 2029. This process requires land acquirers (state, local government, or nonprofits) to conduct two appraisals of proposed properties - one based on current market value and one based on value as of January 1, 2004 - and use the higher value for negotiations with landowners. The bill directly affects landowners, local governments, and nonprofits acquiring lands in the Highlands Region for conservation or farmland preservation purposes. The extension ensures the current appraisal methodology remains in effect for five additional years, maintaining the balance between fair compensation for landowners and conservation goals.