Authorizes EDA to provide grants from "Global Warming Solutions Fund" to finance replacement of inefficient agricultural irrigation equipment.

This bill authorizes New Jersey's Economic Development Authority (EDA) to provide grants from the "Global Warming Solutions Fund" to help farmers replace inefficient irrigation equipment with energy-efficient alternatives like drip systems, soil sensors, and efficient pumps. It directly affects agricultural businesses by making them eligible for funding previously available only to commercial, industrial, and institutional entities. The grant program requires applicants to demonstrate that old irrigation equipment is permanently dismantled or decommissioned after installation. Funds for this initiative come from the state's Regional Greenhouse Gas Initiative (RGGI) emissions allowance sales, as part of a broader allocation plan for climate-related projects.