Requires grants to local government units to cover total cost of forest stewardship plans; provides for allocation of funding from "Global Warming Solutions Fund".

This bill creates the "Forest Stewardship Incentive Fund" to provide grants covering full costs for local governments developing forest stewardship plans, and up to $2,500 for private owners or nonprofits. It allocates funding from the existing "Global Warming Solutions Fund" (established under P.L.2007, c.340) to support these grants, with specific limits: $1,500 maximum per plan for non-government owners, plus 80% of costs exceeding that amount (capped at $2,500 total). The fund also covers department administration costs and state forest management, with annual adjustments tied to the Consumer Price Index. This directly affects local governments, nonprofits, and private forest landowners seeking to implement stewardship plans.