Appropriates $393,480,000 from "New Jersey Debt Defeasance and Prevention Fund"; establishes process for authorizing future appropriations for debt defeasance and capital projects.

S 3511 allocates $393.48 million from New Jersey's Debt Defeasance and Prevention Fund to fund specific state capital projects. It directs funds to the Department of Environmental Protection for Liberty State Park improvements (athletic fields, community center, and Greenway projects), the Department of Law and Public Safety for a juvenile facility, State Police Training Center, and forensic laboratory, the Department of Military and Veterans’ Affairs to convert veterans' homes to single-occupancy rooms, and the Office of Information Technology for data center upgrades. The bill also establishes a process for future fund appropriations, requiring State Treasurer reports to the Joint Budget Oversight Committee for debt retirement or capital projects. This legislation directly affects state departments managing these infrastructure projects and the public benefiting from improved facilities.