Increases amount of certain grant funds available to local governments and non-profit organizations for recreation and conservation purposes.

This bill increases the amount of state grant money available to local governments and non-profit organizations in New Jersey for buying land used for recreation and conservation. Under the new provisions, the state will cover up to 80% of the cost for qualifying municipalities and non-profits, while also allowing state loans to cover up to 100% of such project costs with low interest rates. The legislation includes specific requirements for non-profits, such as ensuring public access to the land and prohibiting the use of certain existing grant funds as a match for the new grants.