Establishes fund in DEP for Blue Acres acquisition and relocation projects; appropriates $25 million.

This bill creates the Blue Acres Buyout Fund within New Jersey's Department of Environmental Protection (DEP), appropriating $25 million from the General Fund. The fund will provide relocation assistance to homeowners and tenants displaced by Blue Acres property acquisitions, cover the state's costs for purchasing flood-prone lands under the Blue Acres program, and pay for program administration (limited to 5% of annual funds). It directly affects residents in flood-prone areas who may be relocated due to these acquisitions. The fund operates as a nonlapsing, revolving account managed by the DEP.