Directs Garden State Preservation Trust to perform audit of State's land preservation programs, authorizes local governments and nonprofit organizations to utilize certain constitutionally dedicated CBT revenues for administrative expenses; appropriates $150,000.

This bill directs the Garden State Preservation Trust to conduct a comprehensive audit of New Jersey's land preservation programs, including Green Acres, Blue Acres, farmland preservation, and historic property preservation. The audit must identify inefficiencies and recommend fund reallocations. It authorizes local governments and nonprofit organizations using constitutionally dedicated CBT revenues for farmland preservation to use up to 3% of the value of development easements or fee simple titles for administrative expenses. The bill also requires unspent funds allocated to local governments for farmland preservation to be returned to the Preserve New Jersey Farmland Preservation Fund after 18 months if not committed to an active project. It appropriates $150,000 from the General Fund to support the audit implementation.