Authorizes EDA to provide grants from "Global Warming Solutions Fund" to finance replacement of inefficient agricultural irrigation equipment.

This bill authorizes the New Jersey Economic Development Authority (EDA) to use funds from the "Global Warming Solutions Fund" to provide grants for farmers to replace inefficient irrigation equipment with energy-efficient alternatives. It directly affects agricultural entities in New Jersey, specifically targeting upgrades like drip irrigation systems, soil sensors, efficient pumps, and sprinkler heads. Key provisions require applicants to demonstrate that old equipment is permanently decommissioned and prioritize projects with measurable reductions in energy use or water waste. The grants are funded through a dedicated 60% allocation of the existing fund, as amended under P.L.2007, c.340.