Establishes program in SADC for acquisition of development easements on privately-owned woodlands.

S 803 creates a program for New Jersey to acquire development easements on privately-owned woodlands, permanently restricting future development to protect land for farming, forestry, and conservation. Woodlands must be at least 20 acres, used for agriculture or forestry production, and managed under approved stewardship plans to qualify. The program will use existing farmland preservation funds and coordinate with federal agencies to access additional support, such as the federal Forest Legacy Program. Landowners who sell these easements retain ownership but lose development rights, with restrictions recorded to last indefinitely.