Authorizes local governments and nonprofit organizations to utilize certain constitutionally dedicated CBT revenues for administrative expenses.

This bill modifies New Jersey's Green Acres program to allow local governments and nonprofit organizations to use specific constitutionally dedicated funds for administrative expenses related to land acquisition. It increases the state's financial contribution for certain municipalities and counties, raising the maximum grant share from 25% to 50% or 75% under special circumstances, and permits state loans to cover up to 100% of project costs with low interest rates. Additionally, the legislation clarifies rules for grants to tax-exempt nonprofits, requiring them to match funds with their own resources rather than using restricted state money, while also setting conditions for public access and land conservation.