Requires establishment and implementation, in certain circumstances, of wildlife management plans for open space and farmland, and authorizes use of constitutionally dedicated CBT revenues to finance activities undertaken pursuant to such plans.

This bill requires New Jersey's Department of Environmental Protection and State Agriculture Development Committee to develop model wildlife management plans for open space and farmland. It mandates that state and local government units using constitutionally dedicated funds for land acquisition must adopt one of these model plans for the properties they acquire. The bill authorizes using Corporation Business Tax (CBT) revenues - constitutionally dedicated for land preservation - to finance wildlife management activities under these plans. Local governments may instead submit their own pre-existing wildlife management plans for approval instead of using the model plans. This ensures preserved lands for recreation, conservation, and farmland will have active wildlife management strategies in place.