Authorizes use of certain constitutionally dedicated CBT revenues for grants for prevention and remediation of harmful algal blooms.

This bill authorizes the use of constitutionally dedicated corporation business tax (CBT) revenues to provide grants for preventing and mitigating harmful algal blooms in New Jersey's lakes and reservoirs. It specifically allocates up to 20% of funds from the Preserve New Jersey Green Acres Fund for local government projects that manage and maintain water bodies to prevent algal blooms through sewer and stormwater infrastructure improvements. The grants can be used as matching funds for other state or federal grants, with the bill designating approximately 0.17% of annual CBT revenues for these specific water quality projects. This measure directly affects local governments and communities facing water quality challenges from harmful algal blooms.