Allows for exclusion of certain properties from Highlands preservation area.

This bill allows property owners in New Jersey's Highlands preservation area to request removal from the protected zone if the state refuses to buy their land due to a lack of funds. The process requires the owner to first offer the property to the state at a fair market value based on 2004 appraisals and then submit a written request to state officials once the sale is rejected. If approved, the property will be excluded from preservation restrictions and regulated like land in the planning area, with the change recorded on the deed and updated on official maps. This provision applies only to owners who held the land continuously since the original 2004 preservation law was enacted or are their immediate family members.