Appropriates $77,406,208 from constitutionally dedicated CBT revenues and various Green Acres funds to DEP for local government open space acquisition and park development projects, and for certain administrative expenses.

This bill allocates approximately $77.4 million from dedicated tax revenues and Green Acres funds to the Department of Environmental Protection to support local governments in New Jersey. The money will be used to provide grants or loans for acquiring and developing land for recreation and conservation purposes, as well as for certain administrative expenses. Specific funding is designated for open space acquisition and planning projects in several municipalities, including Burlington, Gloucester, Livingston, Verona, West Orange, and Kingwood. The legislation defines eligibility based on population density and utilizes existing funds made available through interest earnings, loan repayments, and project cancellations.