Authorizes counties and County Agriculture Development Boards to transfer farmland preservation installment purchases to State Agriculture Development Committee.

This bill allows counties and County Agriculture Development Boards in New Jersey to transfer installment purchase agreements for preserved farmland to the State Agriculture Development Committee. The transfer can occur with the committee's consent before the agreement's term ends, requiring collaboration between the county and committee on fund disbursement. This change enables the state committee to manage payments for farmland preservation deals that were originally structured by local governments, potentially streamlining administration and fund management. The legislation applies to existing installment purchase agreements used for development easements or land acquisitions under current farmland preservation laws.