Requires permit and compensatory reforestation plan for development projects that result in deforestation; establishes grant program for reforestation activities by private landowners; establishes "State Compensatory Reforestation Fund."

This New Jersey bill requires developers planning projects over five acres that cause deforestation to obtain a permit and submit a compensatory reforestation plan approved by the Department of Environmental Protection. The plan must detail the deforested area, reforestation site, costs, and species selection (prioritizing native trees and climate resilience), with reforestation ideally done on-site or within the same municipality. It establishes the "State Compensatory Reforestation Fund," funded by developer payments, to support state reforestation efforts and provide grants to private landowners for tree planting. The law directly affects large-scale developers, private landowners seeking grants, and the Department of Environmental Protection, which enforces the permit process and manages the fund.