Parks, Natural Areas Preservation - As enacted, requires a county or municipal government that receives a grant from the local parks land acquisition fund for a project located within a county designated as distressed or at-risk by the Appalachian Regional Commission at the time of the grant application to match the grant with an amount of money equal to 25 percent of the project, instead of requiring a match with an amount of money equal to the grant. - Amends TCA Section 67-4-409.

HB 125 modifies Tennessee's local parks land acquisition grant program by reducing the required local match for projects in Appalachian Regional Commission-designated distressed or at-risk counties. Specifically, it changes the rule from requiring a 100% local match (equal to the grant amount) to a 25% local contribution for these counties. This applies to county or municipal governments receiving grants under TCA Section 67-4-409 for projects located in designated areas. The bill takes effect October 1, 2025, easing financial burdens for local governments in economically challenged regions seeking park land acquisitions.