"Warehouse Development Control Bond Act," authorizes bonds for $150 million, and appropriates $5,000.

The "Warehouse Development Control Bond Act" would authorize $150 million in state bonds to provide matching grants to New Jersey municipalities for purchasing development rights from landowners of proposed warehouse sites. Municipalities would need to acquire development rights through recorded easements that permanently restrict warehouse development while allowing landowners to retain other property rights, including the ability to sell the property or maintain agricultural use. The program would be voluntary, require municipalities to provide at least 50% matching funds, and must be approved by voters at a general election, with $5,000 appropriated for administrative costs. The Department of Environmental Protection would administer the grant program, prioritizing municipalities with ecological concerns or environmental vulnerabilities.