Appropriates $393,480,000 from "New Jersey Debt Defeasance and Prevention Fund"; establishes process for authorizing future appropriations for debt defeasance and capital projects.

This bill appropriates $393,480,000 from New Jersey's Debt Defeasance and Prevention Fund for specific state capital projects. It allocates funds to multiple agencies: $70 million for Liberty State Park improvements (including athletic fields and community facilities), $120.48 million for a State Police Training Center, $60 million for a juvenile facility, $17.88 million for a forensic lab, $38.72 million for Treasury-backed capital projects, $21 million to upgrade veterans' homes, and $65.4 million for data center infrastructure. The bill also establishes a process requiring the Joint Budget Oversight Committee to approve future fund appropriations for debt retirement or capital projects, ensuring remaining funds avoid new state debt. These projects directly affect state agencies and taxpayers by using existing fund balances instead of issuing new debt.