Appropriates $49.5 million from constitutionally dedicated CBT revenues to DEP for State acquisition of lands for recreation and conservation purposes, including Blue Acres projects, and Green Acres Program administrative costs.

This bill appropriates $49.5 million from constitutionally dedicated corporation business tax (CBT) revenues to fund land acquisition for recreation and conservation purposes across New Jersey. The funding supports specific projects including Blue Acres projects (which protect lands from flood and storm damage) and the Green Acres Program. The bill allocates $23.7 million for land acquisition in 14 designated project areas across multiple counties, with $23.7 million specifically for Blue Acres projects and $2.05 million for program administrative costs. This funding comes from a constitutional fund approved by voters in 2014 that's dedicated to open space and conservation initiatives.