Allocates $10 million of constitutionally dedicated CBT revenues for grants for certain lake management activities for recreation and conservation purposes.

This bill allocates $10 million annually from constitutionally dedicated corporation business tax revenues for grants to support lake management activities focused on recreation and conservation. The Department of Environmental Protection will administer the program, prioritizing projects in the Highlands Region and Pinelands area that improve water quality and increase recreational access, including efforts to prevent harmful algal blooms. Qualified entities, including the Greenwood Lake Commission and Lake Hopatcong Commission, will receive guaranteed minimum annual grants of $750,000 each, with additional funding available for local government units. The grants can fund stormwater management and pollution control to enhance lake use for recreation and conservation purposes.