Appropriates $49.5 million from constitutionally dedicated CBT revenues to DEP for State acquisition of lands for recreation and conservation purposes, including Blue Acres projects, and Green Acres Program administrative costs.

This bill appropriates $49.5 million from constitutionally dedicated corporation business tax revenues to the New Jersey Department of Environmental Protection (DEP) for land acquisition and conservation efforts. The funds will be allocated as $23.7 million for acquiring lands across 14 specific recreation and conservation project areas throughout the state, and $23.7 million specifically for Blue Acres projects that protect properties from storm and flood damage. Additionally, $2.05 million is designated for administrative costs associated with the Green Acres program. The funding comes from revenues dedicated by voters in 2014 to support open space preservation, farmland protection, and historic conservation under the Preserve New Jersey Act.