Appropriates $44.4 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 allocates $44.4 million from constitutionally dedicated corporation business tax (CBT) revenues to the New Jersey Department of Environmental Protection (DEP). The funds will specifically support the acquisition of lands for recreation and conservation through the Preserve New Jersey Green Acres Program, including Blue Acres projects and administrative costs. It directs $21.375 million to the Green Acres Fund (with $5.402 million from interest earnings) for land purchases across 15 designated projects in counties like Monmouth, Ocean, Cape May, and Burlington. These projects cover municipalities focused on watershed protection, coastal conservation, and carbon sequestration initiatives. The bill directly affects DEP operations and local communities participating in these land conservation efforts.