Allows State-owned, municipally-managed Blue Acres lands to be used for freshwater wetlands mitigation projects.

This bill (A 3861) adds State-owned, municipally-managed "Blue Acres" land as a permitted option for developers to compensate for freshwater wetland loss caused by construction projects. It allows wetland creation, enhancement, or restoration on Blue Acres land (property acquired by the State for recreation/conservation, often flood-prone or buffer land managed by municipalities) if both the State and the municipality grant permission. Currently, developers can use private land or contribute to a Wetlands Mitigation Bank when on-site wetland restoration isn't feasible; this bill creates a fourth option using Blue Acres land. The change directly affects developers seeking wetland mitigation, municipalities managing Blue Acres properties, and the Department of Environmental Protection overseeing permit approvals.