Extends for five years expiration date of special appraisal process for Green Acres program and farmland preservation program for lands in Highlands Region.

This bill extends the special appraisal process for land acquisitions under New Jersey's Green Acres program and farmland preservation efforts in the Highlands Region through 2029 (from 2024). It requires state agencies, local governments, and qualified nonprofits to use a specific two-part appraisal method when purchasing land for conservation: comparing current land values against those from 2004, then using the higher value for negotiations with landowners. The process applies only to lands continuously owned since 2004 (or by immediate family) within the Highlands Region, and does not affect federal-funded acquisitions. This extension ensures consistency in land valuation for these conservation programs without altering their funding or scope.