Allocates $10 million of constitutionally dedicated CBT revenues for grants for certain lake management activities for recreation and conservation purposes.

This bill allocates $10 million in constitutionally dedicated corporation business tax (CBT) revenues to fund grants for land acquisition and development projects focused on recreation and conservation. The funds would be distributed as follows: 55% to the state for land acquisition and development (including 22% for stewardship), 38% to local governments for similar projects, and 7% to qualifying nonprofit organizations. These grants support activities like protecting natural areas, enhancing public parks, and managing lands for public enjoyment. The bill modifies existing rules for the "Preserve New Jersey Green Acres Fund" but does not change the fund’s core purpose or create new tax requirements.