Appropriates $3,750,990 from constitutionally dedicated CBT revenues to State Agriculture Development Committee for grants to certain nonprofit organizations for farmland preservation purposes.

S 4551 appropriates $3,750,990 from constitutionally dedicated corporation business tax revenues to the State Agriculture Development Committee for farmland preservation grants. The bill provides grants covering up to 50% of the cost for nonprofits like The Land Conservancy of New Jersey to acquire development easements (limiting non-farm development) or purchase farmland to maintain agricultural use. These funds will support eight specific farms across Warren and Sussex counties, preserving them through permanent restrictions on development. The money comes from the Preserve New Jersey Farmland Preservation Fund, established by state law to protect agricultural land.